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BRADENTON, Fla. — The Georgia Department of Transportation announced Thursday that long-time agency member and former treasurer Earl Mahfuz had retired.
April 1 -
DALLAS — The Arizona Department of Transportation is developing a $4 billion plan to reduce congestion on freeways in Maricopa County with bonds backed by sales tax revenue.
March 31 -
The Massachusetts Department of Transportation today will issue its first-ever bond transaction, a $274.7 million fixed-rate refinancing to generate savings.
March 30 -
CHICAGO — Moody’s Investors Service yesterday downgraded O’Hare International Airport’s passenger facility charge-backed bonds to A2 from A1 ahead of Chicago’s sale in mid-April of roughly $1.3 billion of new-money and refunding airport-related bonds.
March 30 -
DALLAS — As other Texas cities struggle to finance light-rail lines, El Paso is planning a much less costly bus rapid-transit system with vehicles that look like rail cars but travel on dedicated paved pathways.
March 30 -
The Missouri Highways and Transportation Commission last week announced the resignation of Pete Rahn as head of the Missouri Department of Transportation.
March 30 -
The Illinois State Toll Highway Authority last week picked Kristi Lafleur, a close aide of Gov. Pat Quinn, to become its new executive director.
March 30 -
SAN FRANCISCO — After California granted a franchise to build a private toll highway in San Diego County, it took almost 17 years before the 10-mile road opened to the public.
March 29 -
SAN FRANCISCO — When Wisconsin’s insurance regulator divided Ambac Assurance Corp.’s insurance portfolio into good and bad policies last week, municipal bonds issued for the bankrupt Las Vegas Monorail were the only muni debt placed into the Ambac rehabilitation account, which consists largely of the toxic mortgage-related securities that brought the company to its knees.
March 29 -
Texas Sen. John Carona, R-Dallas, chairman of the Senate Committee on Transportation and Homeland Security, said last week that the state must find a way to finance highway projects, including an increase in the gasoline tax.
March 29
