Tennessee

The Metropolitan Council approved a deal that will bring $1.26 billion of bond funding to the new stadium, replacing a venue that still has outstanding debt.

The $3.3 billion Transportation Modernization act allows for P3s for roadway development, a first for the state.

An agreement between Nashville's mayor and team officials puts the plan for a $2.2 billion new stadium one vote away from approval.

Southeast states are generous with incentives for electric vehicle factories; less so for people and businesses who operate EVs.

The state must spend more than previously estimated to keep pace with infrastructure needs, the Tennessee Commission on Intergovernmental Relations reported.

P3 that build tolled highway lanes could help meet funding gaps, Gov. Bill Lee said as he unveiled his transportation plan to state officials.

Gov. Bill Lee announced plans that would allow the use of public-private-partnerships for transportation infrastructure redevelopment in December.

Entering into long-term leases for toll lanes in urban areas would free up transportation dollars for rural areas, said Gov. Bill Lee.

Knotts has almost 15 years of experience in state government and will advise clients in public finance and on economic development matters across Tennessee.

City and state will issue municipal bonds for the domed stadium while lowering taxpayer liabilities.

John Boyd, principal at The Boyd Company, chats with Chip Barnett about how the COVID-19 pandemic and hybrid work has altered the way companies look at cities and states when they think about locations for their headquarters. (20 minutes)

Ten states, includeing five in the Southeast, pre-pandemic employment levels in January, according to Fitch Ratings. In an update, the U.S. Labor Department reported Florida’s seasonally adjusted unemployment rate fell to 3.3% in February.

Graceland drew on reserves to cover the Jan. 1 payment on two bond series and three other series were unable to make their interest payments.

S&P raised the Metropolitan Nashville Airport Authority, Tennessee's senior-lien airport revenue bonds issued for the Nashville International Airport to A-plus.

“Our state’s strong economic recovery has accelerated back to pre-pandemic levels for unemployment and GDP,” said Gov. Bill Lee.

The rating upgrade reflects “sustained reduction in its long-term liability burden and Fitch's expectations of a stable burden going forward."

A large increase in new money bond issuance pushed the 11-state region to a big year-over-year volume gain.

On a year-over-year basis, state tax revenues were up $321.1 million while the overall growth rate was 20.9%.

According to disclosure notices, payments on two series of bonds issued in 2017 weren’t made on July 1 because of insufficient funds.

The short end of the yield curve faced pressure from a cheaper UST five-year. As the flattening trend in UST takes hold, demand for duration will also spill over into the tax-exempt space, with long-dated munis continuing to outperform, analysts say.