Infrastructure

DALLAS — After successfully pricing $825 million of revenue bonds Monday to expand its light-rail system, the Dallas Area Rapid Transit board turned its attention Tuesday to a $1.26 billion budget requiring job cuts and service reductions.

DALLAS — Dallas County District Judge Craig Smith agreed Monday to a one-week delay in deciding whether the Dallas suburb of Irving can issue up to $200 million of revenue bonds for an entertainment center near Dallas-Fort Worth International Airport.

The New Jersey Turnpike Authority approved up to $2.53 billion of new-money and refunding bonds Tuesday to help finance capital projects and generate potential debt-service savings.

A civil engineering group gave Indiana’s infrastructure a grade of D-plus in a report card, warning it needs billions of dollars in improvements. The state’s grade was slightly higher than the nationwide average of D.

The Cook County Board of Commissioners’ earlier this month gave their preliminary approval to a plan to use $90 million in federal recovery zone facility bonds to help support Navistar International Corp.’s expansion plans.

An Illinois appellate court has upheld a DuPage County court ruling allowing Chicago to acquire St. Johannes Cemetery, paving the way for a new runway at O’Hare International Airport as part of an ongoing $8 billion expansion project that is being partly financed with bonds.

DALLAS — With billions of dollars worth of bond-financed projects underway or on the boards, the nation’s airports began adjusting to another competitive shift Monday as Southwest Airlines announced its $1.4 billion stock swap for low-cost competitor AirTran Airways.

The New York Metropolitan Transportation Authority’s finance committee approved a pool of banks Monday that could replace liquidity facilities on $4.6 billion of variable-rate bonds due to expire over the next four years.

SAN FRANCISCO — The Port of Long Beach, Calif., the second-busiest port in the country, could see its rating come under pressure if a local ballot measure passes that would strengthen the hand of the city in its operations.

DALLAS — The Arizona Transportation Board will complete its pricing of $180 million of revenue bonds Tuesday in a deal that will finance construction of highways in Maricopa County, including Phoenix and its suburbs.