Maryland

New Maryland Gov. Larry Hogan included funding for the state's two light rail P3 projects in his fiscal 2015 budget.

The Baltimore Hotel Corporation's convention center hotel revenue bonds used to finance a 756-bed Hilton were revised to stable from negative by Moody's Investors Service Thursday citing improved cash flow.

Maryland will delay bidding for two months on its $2.45 billion Purple Line P3 project so new governor can review.

Prince George's County, Md., signed 30-year P3 pact with Corvias for management of storm water runoff into Chesapeake Bay.

Fate of Maryland's $2.45 billion Purple Line light rail P3 is in the hands of Gov.-Elect Larry Hogan, an avowed foe of transit projects.

Maryland voters will decide whether to constitutionally prohibit lawmakers from diverting transportation-dedicated tax revenues to other purposes.

The cost of Maryland's Purple Line rail project has risen to $2.45 billion, up $21 million since September and almost $1.5 billion more than projected in 2007, according to the latest estimate by the Maryland Transit Administration.

Maryland's latest six-year transportation plan includes $279.4 million of new projects as part of $4.4 billion of additional highway and transit funding provided over six years by a 2013 state law that raised the gasoline tax.

A federal lawsuit seeking to halt Maryland's $2.4 billion Purple Line light rail project says track work will threaten endangered species.

Baltimore city and county will provide $280 million for Maryland's $2.9 billion Red Line light rail project to help attract $900 million of federal funding.

Boston, Philadelphia and Baltimore typify how the 'eds and meds' presence of universities and hospitals can boost older cities' credit profiles, said Moody's.

Northeast bond issuance was stronger in the first half of 2014 than it was in the United States.

Maryland asks four consortiums for proposals to build and finance $2.4 billion Purple Line commuter rail project.

Trains are now carrying passengers on the first segment of Washington rail system extension funded with $3 billion of federal loans and toll revenue bonds.

Triple-A rated Maryland later this month will sell about $900 million of general obligation bonds, including up to $100 million of them during its first retail order period since August 2012. The retail period will be held on July 18 and 21.

More asset sales to offset pension liability will occur nationally, Allentown, Pa., Mayor Ed Pwlowski said at The Bond Buyer's municipal distress conference in Baltimore.

Staring at an estimated $745 million shortfall over 10 years, Baltimore charted a 10-year financial plan that created a buzz in the capital markets.

Ending the tax exemption for municipal bonds would seriously impair the ability of municipal issuers to fix infrastructure, according to Maryland's treasurer.

Maryland can proceed with the selection of a private partner to design, build, and operate the $2.4 billion Purple Line commuter rail project via a public-private partnership after federal approval last week of the environmental impact statement.

Maryland plans to sell up to $750 million of triple-A rated tax-exempt and taxable general obligation bonds in competitive bids on March 5, state officials said.