Infrastructure

BRADENTON, Fla. — President Obama and Vice President Joe Biden will be in Florida today to announce which states will share in $8 billion of federal stimulus funding for high-speed rail projects, and the winners will include the Sunshine State.

DALLAS — The Dallas City Council on Wednesday approved the sale by a special local government corporation of up to $500 million of special facilities revenue bonds to finance upgrades at Love Field, the city-owned airport located near downtown.

DALLAS — Denver will commit up to $8 million per year for 20 years to secure a $300 million federal loan for redeveloping its Union Station train terminal as a hub for an ambitious mass-transit system.

MINNEAPOLIS — The highway trust fund will face another funding crisis by August, House Transportation and Infrastructure Committee chairman James Oberstar warned at a town hall here yesterday.

New York’s Metropolitan Transportation Authority hopes to return to deals structured with level debt service when it goes to market next week, its staff said yesterday. The agency plans to sell $650 million of transportation revenue bonds as a mix of tax-exempt bonds and taxable Build America Bonds on Feb. 3.

CHICAGO — Ohio would create up to 24 new bond-issuing authorities across the state with the ability to impose tolls to finance transportation projects under a bill the House passed last week.

Newly installed Seattle Mayor Mike McGinn wants to ask voters to approve a $241 million bond measure to replace the deteriorating seawall along the city’s waterfront.

WASHINGTON — The Senate Banking Committee will hold a hearing next month on the creation of a national infrastructure bank, chairman Christopher J. Dodd said yesterday.

The New York State Thruway Authority authorized up to $1 billion of bonds secured by the state’s second general resolution dedicated highway and bridge trust fund at its monthly board meeting yesterday.

Miami commissioners late last week approved the sale of $92 million of bonds to build parking facilities for the Florida Marlins’ new baseball stadium, which is under construction.