Infrastructure

DALLAS - Denver is preparing up to $250 million of bonds, mainly to pay for short-term improvements while sketching plans for a major redevelopment of its landmark terminal building over the next five years.

CHICAGO - Cleveland today will begin to price $160 million of fixed-rate airport revenue bonds and later this month follow with a $50 million variable-rate transaction.

WASHINGTON - The Congressional Budget Office has issued a report analyzing the revenue effects of 188 budget options, including replacing exempt interest earnings from muni bonds with tax credits beginning in 2011, which it says would generate $19.8 billion over the next 10 years.

The Massachusetts Bay Transportation Authority will now look for a new general manager after Daniel Grabauskas Friday stepped down from the post under pressure from the Gov. Deval Patrick administration.

Moody’s Investors Service Tuesday downgraded the New Orleans Port Board of Commissioners revenue bonds to Baa1 from A2.

DALLAS - The Central Texas Regional Mobility Authority is accelerating plans for the $623 million U.S. 290 tollway near Austin to take advantage of federal stimulus funds, officials said.

BRADENTON, Fla. - Kentucky Gov. Steve Beshear, accompanied by Indiana Gov. Mitch Daniels, Tuesday made one of several stops in the Bluegrass State to ceremonially signing new legislation clearing the way for the two states to finance the $4.1 billion Louisville-Southern Indiana Ohio River Bridges Project.

Private-sector infrastructure executives in the U.S. are concerned that current investment in infrastructure is inadequate to create long-term economic growth, and that government ineffectiveness and poor economic conditions are more of a barrier to projects than the lack of available financing.

DALLAS - The North Texas Tollway Authority yesterday increased the size of its commercial paper refinancing and sold $1.4 billion in bonds, including $825 million of taxable Build America Bonds.

New York's Metropolitan Transportation Authority should create a separate fund for debt service and institute a rolling five-year capital plan, New York City Mayor Michael Bloomberg said at a campaign event yesterday.