Infrastructure

DALLAS — Two years after sharply retrenching in a harsh economy, Dallas Area Rapid Transit is enjoying a lift in its credit score from Fitch Ratings along with rising sales tax revenue and lower construction costs.

BRADENTON, Fla. — A libertarian think tank is disputing the savings that might occur if two high-profile Florida expressway authorities are partially consolidated with the state-run Turnpike Enterprise.

The Triborough Bridge and Tunnel Authority will offer a mandatory tender and purchase Tuesday of all three outstanding series of its variable-rate general revenue bonds, Series 2003 and 2005, totaling about $535 million.

Houston last week broke ground on a $1 billion bond-financed redevelopment of George Bush Intercontinental Airport.

Robert Shepard has resigned as the governor-appointed director of the North Texas Tollway Authority’s board. Shepard’s resignation comes as the board faces a probe into it past business practices by the Federal Bureau of Investigation, but his departure is said not to be related to that inquiry.

The effort by the Kansas City suburb of Mission to tax residents for roadwork is illegal and cannot be collected, Attorney General Derek Schmidt said last week in a non-binding opinion.

Roads and streets in every city and all 75 counties of Arkansas would be improved and upgraded with revenue from a proposed 0.5% increase in the state sales tax, highway director Scott Bennett told lawmakers last week.

LOS ANGELES — The Los Angeles County Metropolitan Transportation Authority doesn't plan to issue bonds this year because it is securing a $546 million federal loan to help fund the $1.74 billion Crenshaw Line light-rail project.

The tug of war between Los Angeles World Airports and Ontario city officials over control of LA/Ontario International Airport has picked up steam over the past few weeks, but the issue appears unlikely to be resolved any time soon.

A day after Transportation Secretary Ray LaHood stunned the transportation community by saying it is "highly unlikely" Congress will pass a long-term reauthorization bill to fund highway and transit programs this year, lawmakers and industry lobbyists vowed to keep pushing for such legislation despite considerable obstacles.