Infrastructure

Few people with Richard Ravitch’s resume would call themselves a student, but with the state facing a $2.1 billion current-year budget deficit, New York’s lieutenant governor has hit the state’s books.

SAN FRANCISCO — After collecting more than $104 million from the Bay Area Toll Authority in return for terminating a swap agreement, Ambac Financial Services LLC sued the agency this week seeking an additional $50 million.

CHICAGO — With a shakily balanced fiscal 2010 budget now in place, Illinois Gov. Pat Quinn turned his attention yesterday after seven months in office to putting his stamp on a major bond-issuing state agency with the appointment of new board members to the Illinois State Toll Highway Authority.

Florida officials are disputing the way the federal government is calculating how the state spends transportation funds under the American Recovery and Reinvestment Act.

A plan to increase Massachusetts Bay Transportation Authority fares by 20% is now off the table as officials said they will wait for an outside review of the agency's finances before asking mass transit users to pay more on buses and trains.

Gov. Ted Strickland last week issued an executive order creating an automobile support council to help Ohio’s declining automobile industry.

The Oklahoma Transportation Commission has authorized an agreement with the Oklahoma Capitol Improvement Authority to issue $300 million to finance the Oklahoma Department of Transportation’s eight-year construction work plan.

The Texas Department of Transportation has awarded a contract to build a park on top of a below-grade connector roadway in downtown Dallas. Project financing includes $20 million from the city’s $1.2 billion general obligation bond program approved by voters in 2006.

DALLAS - Officials at Dallas-Fort Worth International Airport today will brief the Dallas City Council's finance committee on the airport's plans to refund up to $600 million of outstanding debt in the next two months.

New York's Metropolitan Transportation Authority faces a $9.91 billion funding gap in its next five-year capital plan, according to a draft released yesterday.