Infrastructure

DALLAS — Dallas Area Rapid Transit lost its AAA rating from Standard & Poor’s Friday as analysts assigned DART’s upcoming $825 million bond deal a AA-plus.

The Puerto Rico Public-Private Partnerships Authority announced its short list of four consortiums Wednesday that may submit proposals in a potential long-term lease agreement involving the island’s busiest toll road.

SAN DIEGO — The future of toll roads in California lies largely in managed lane projects, according to participants at a conference here this week.

DALLAS — Utah officials are facing questions about their role in a $13 million settlement with a losing bidder on the expansion of the Interstate 15 freeway in Salt Lake County, which will be funded with a record $1.25 billion bond issue next week.

DALLAS — Dallas Area Rapid Transit will issue $825 million of bonds supported by sales tax and farebox revenue next week under a resolution adopted Tuesday by the DART finance committee.

CHICAGO — The Regional Transportation Authority of Illinois board on Wednesday tapped its chief financial officer, Joe Costello, to serve as interim executive director beginning next month until a replacement for retiring director Stephen Schlickman is found.

DALLAS — Michael Cheroutes, a Denver attorney and expert in public finance, will guide Colorado’s search for new highway funding mechanisms as the first director of its High Performance Transportation Enterprise agency.

SAN FRANCISCO — The San Diego County Regional Airport Authority will sell $417 million of subordinate-lien bonds next week to fund part of a $1.4 billion overhaul at San Diego International Airport.

Virginia last Friday scuttled a potential public-private partnership for the Port of Virginia, ending the chance for a private company to operate the port.

Moody’s Investors Service on Friday placed a negative outlook on the Metropolitan Atlanta Rapid Transit Authority’s long-term rated debt.