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ALAMEDA, Calif. — Las Vegas Monorail Co. bondholder Eaton Vance has broken with other large holders of the bankrupt project’s debt to challenge the settlement that trustee Wells Fargo Bank NA negotiated with Wisconsin state regulators to commute the monorail’s bond insurance policy.
March 13 -
WASHINGTON — The U.S. Department of Transportation announced late Friday that it is opening up the $2.4 billion of federal high-speed rail money that was rejected by Florida Gov. Rick Scott to a competitive bidding process for states willing to take on new projects.
March 13 -
A group of Northeastern U.S. senators last week urged Department of Transportation Secretary Ray LaHood to direct $2.4 billion of federal high-speed rail funds to the Northeast Corridor line after Florida Gov. Rick Scott rejected them.
March 11 -
WASHINGTON — Fitch Ratings warned on Wednesday that grant anticipation revenue vehicle bonds, known as Garvees, face heightened uncertainty as Congress struggles to reauthorize transportation spending.
March 10 -
DALLAS — Colorado’s Regional Transportation District is putting off a decision on whether to ask voters for a sales tax increase to complete the $6.7 billion FasTracks rail plan by 2017.
March 9 - Texas
DALLAS — Texas transportation planning has shifted to the slow lane as state legislators seek record spending cuts and prepare to rewrite the law governing the Texas Transportation Commission.
March 7 -
BRADENTON, Fla. — Florida Gov. Rick Scott Friday rejected, once and for all, $2.4 billion of federal funds for a high-speed rail project as the state Supreme Court unanimously refused to overturn his decision.
March 4 -
CHICAGO — A hearing set for next week on Chicago’s request that a Cook County Circuit Court judge dismiss an airline lawsuit that seeks to block $3.36 billion of expansion projects at O’Hare International Airport was pushed back a week as settlement negotiations continue.
March 4 -
Pennsylvania Gov. Tom Corbett last week appointed six new commissioners to the board of the Delaware River Port Authority.
March 4 -
In the 1930s, motorists paid 50 cents to drive through the Holland Tunnel, and a night at the Hotel Chesterfield in Jersey City cost $2.50.
March 3
