Infrastructure

DALLAS - With the airline industry in turmoil, Denver continued to restructure its variable-rate debt with $85 million of revenue bonds for Denver International Airport yesterday.

CHICAGO - The push for light rail and commuter mass transit in southeast Michigan would receive a boost under a proposed bill that expands the state's tax increment financing law to include funding for transit systems.

The Louisiana Legislature approved a bill calling for a study on transferring New Orleans’ Louis Armstrong International Airport from local to state control before adjourning the 2008 regular session earlier this week.

The Mississippi Department of Transportation on Tuesday is holding a mandatory workshop in Jackson for all firms and consortiums interested in submitting qualifications to enter into the state’s first public-private partnership.

After the third day of a General Assembly special session, a bill from Gov. Timothy Kaine that would increase taxes and revive the Northern Virginia Transportation Authority’s ability to issue bonds has been bypassed by lawmakers in both the Republican-controlled House of Delegates and the Democrat-controlled Senate.

The nation should not continue to rely on gas tax revenues to finance transportation infrastructure needs because soaring gas prices will likely force consumers to drive less, resulting in less revenue coming in, Virginia Gov. Timothy Kaine and U.S. Transportation Secretary Mary Peters said yesterday at a meeting here.

DALLAS - The Dallas City Council is expected today to establish a local government corporation that would issue more than $300 million of lease revenue bonds to finance a six-year terminal modernization effort at Love Field Airport.

The Federal Aviation Administration last week said it would lift flight caps at O’Hare International Airport later this year after Chicago opens the first new runway as part of a $7.5 billion expansion plan.

BRADENTON, Fla. — Georgia's State Transportation Board Thursday adopted a financial management plan to pay down an estimated $1.2 billion deficit at the Georgia Department of Transportation in order to balance the fiscal 2008 budget.

Proponents backing a sales tax increase in Sierra County to benefit New Mexico’s Spaceport America received a financial boost from Gov. Bill Richardson’s unsuccessful campaign for the Democratic presidential nomination.