Kentucky

Kentucky and Ohio are forming a bi-state management team to determine how to finance a new, $2.5 billion bridge over the Ohio River between Cincinnati and Covington, Ky.

Standard & Poor's revised its outlook to negative from stable on the Kentucky Economic Development Finance Authority's Louisville arena revenue bonds.

Kentucky has chosen Walsh Construction Co. to build the so-called “downtown crossing,” Kentucky’s share of the massive Ohio River Bridges Project.

A Kentucky legislative task force is in the final stretch of considering major pension plan restructuring options and dealing with a $33 billion liability.

The Louisville and Southern Indiana Bridges Authority approved a development agreement governing the construction, financing, and long-term management of the Ohio River Bridges Project.

Moody's Investors Service downgraded Perry County, Ky.'s general obligation bond rating to Baa2 from A3 noting dependence on volatile coal severance taxes.

Kentucky and Indiana agencies Tuesday are poised to approve the long-awaited master agreement for the financing and construction of the massive $2.6 billion Ohio River Bridges Project.

Coalition for the Advancement of Regional Transportation is challenging the $2.6 billion Ohio River Bridges Project and wants a federal judge to order Kentucky and Indiana to stop work.

Kentucky's general fund collections receipts have been nearly flat for the first two months of fiscal 2013, according Mary Lassiter, the state budget director.

Three groups have filed complaints stating that federal approval for the $2.6 billion Ohio River Bridges Project should be thrown out because laws were violated.

Standard & Poor's assigned a negative outlook to bonds issued for Big Rivers Electric Corp. because the Kentucky utility is losing a big customer.

With Kentucky's unfunded public pension liability at more than $30 billion, a task force is examining how to close the unfunded gap and may consider pension bonds.

Local communities in eight states with a stake in the controversial mostly bond-financed Prairie State Energy coal project in Illinois could face fiscal stress due to the higher than projected rates they are paying and future financial risks, a new report from an pro-environmental group warns.

Municipal bond issuance in the Southeast during the first half of this year was up by 57% to $34 billion - nearly the same amount that was lost between 2011 and 2010.

The Kentucky Transportation Cabinet has issued the final guidelines that three teams will use to develop proposals for building the state's half of the $2.6 billion Ohio River Bridges Project.

The Louisville, Ky. Arena Authority now plans semi-annual conference calls to discuss the status of bonds it sold in 2008 to build the 22,000-seat KFC Yum! Center.

With the final step in the federal environmental review process completed this week, the $2.6 billion Ohio River Bridges Project will allow Kentucky and Indiana to award construction contracts before the end of the year and the spans will serve to ease congestion across the Ohio River, said U.S. Transportation Secretary Ray LaHood.

BRADENTON, Fla. — Lower income and high operating expenses at Louisville’s KFC Yum! Center prompted Moody’s Investors Service Tuesday to drop the rating on the arena bonds to below-investment grade.

BRADENTON, Fla. — Kentucky is seeking proposals from qualified teams to build its half of the Louisville-Southern Indiana Ohio River Bridges Project.

BRADENTON, Fla. — The Federal Highway Administration Friday approved a supplemental environmental impact statement that is a significant milestone toward starting construction on portions of the $2.6 billion Ohio River Bridges Project later this year.