Maryland

Federal judge continues to block Maryland’s $5.6 billion Purple Line P3 rail project over ridership worries.

A $28 million bond transaction using a unique form of tax increment financing to raise funds for a development district in Prince Georges County, Md. recently won an award by Council of Development Finance Agencies.

Maryland will seek a federal grant for subsea rail tunnel in Baltimore after striking out in the first round.

Transit advocates see Baltimore's proposed Red Line as key part of multi-state rail link.

Maryland tax revenues are expected to miss previous projections by $783.1 million over the next two fiscal years, the state’s Board of Revenue Estimates said last week.

The Baltimore City Council on Monday approved a $660 million bond deal to transform the Port Covington neighborhood, making it the largest tax increment financing district in city’s history.

Japan will contribute $2 million to study a $10 billion magnetic levitation rail line between Baltimore and Washington.

The proposed $6.9 billion Port Covington development project in Baltimore would include the largest tax increment financing district in the city’s history and would be financed in part with $660 million of bonds backed by the increased property tax revenues.

Maryland and Federal Transit Administration officials want a federal judge to restore funding for the $5.6 billion Purple Line light rail public-private partnership project that was shut down by court order in early August.

Disappointing public pension investment fund returns released recently by Maryland and Virginia may be representative of a more nationwide trend, pension experts warned.