Infrastructure

DALLAS - With revenues falling and costs rising, the Regional Transportation District of metropolitan Denver is developing a backup plan for its FasTracks transit program in the event voters refuse to raise more sales taxes to complete all the projects.

The South Carolina Transportation Infrastructure Bank expects to competitively sell today $93.6 million of revenue bonds to refund debt issued between 1998 and 2000.

Fitch Ratings Tuesday downgraded $236 million of outstanding Alabama State Port Authority revenue bonds to BBB-plus from A-minus and said the outlook is stable.

DALLAS — The first of two refunding deals planned by the Dallas-Fort Worth International Airport will be the largest bond issue this week in Texas.

The Senate is likely to decide this week whether it will join the House in approving funds that could be used to establish a national infrastructure bank and pay for high-speed rail projects.

DALLAS — Tulsa, Okla., will finance the next 12 months of its five-year street improvement program with the proceeds from Thursday’s competitive sale of $70 million of general obligation bonds.

The Detroit Metropolitan Airport plans to install up to 22 gaming machines to lift revenue amid falling flight traffic.

Massachusetts Secretary of Transportation Jim Aloisi announced Friday that he will step down from his post by Nov. 1, the same time that a new bonding authority, the Massachusetts Department of Transportation, will begin overseeing most surface transportation systems throughout the state.

David Mack rebuffed New York Gov. David Paterson’s call to step down as vice chairman of the board at the Metropolitan Transportation Authority and as a board member of the Port Authority of New York and New Jersey last week.

The New York Senate last week confirmed Jay Walder as the new chairman and chief executive officer of the Metropolitan Transportation Authority.