Virginia

VIRGINIA BEACH -- Two hundred girls basketball teams from around the country played on 10 indoor courts inside the Convention Center last weekend. If city leaders have their way, those teams could instead compete in a nearby field house within two years.

Virginia’s budget imbalance stemming from soft revenue growth and spending down its savings led S&P Global Ratings to revise the outlook to negative on the state’s AAA general obligation rating.

S&P Global Ratings said it has revised its outlook on Virginia's general obligation, appropriation-backed, and moral obligation debt to negative from stable.

A $4 billion project to add lanes to a subsea highway tunnel in Virginia may be financed as a P3.

Bond insurer ACA Financial Guaranty Corp. has gone to federal court seeking the keys to Buena Vista, Virginia’s city hall and compensatory damages after the city defaulted on ACA-wrapped debt that financed a golf course.

Issuers across the Southeast brought $71.7 billion of municipal bonds to market in 2016, a 3.3% year-over-year increase that was generated largely by refundings.

Arlington Memorial Bridge was closed to vehicles during inaugural weekend to prevent further damage to the historic span.

Incoming Trump administration officials ask Virginia for a list of infrastructure projects with their own revenue source.

Petersburg, Va., was removed from CreditWatch by S&P Global Ratings, which maintained its BB junk ratings and negative outlook despite the cash-strapped city's hiring of a turnaround firm.

Private investors sign contract to finance, build, and operate tolled express lanes on a Virginia highway.

A $338.5 million federal loan is part of the funding package for a subsea road tunnel project in Virginia.

In Tuesday’s election, North Carolina and West Virginia got new governors while the region also saw the passage of bond-related measures, including big-ticket transportation initiatives.

Voters in Virginia Beach, Va., are split almost evenly on a light rail proposal to appear on Tuesday's ballot that could generate up to $8.3 billion in real-estate development in the seacoast town.

Virginia will receive $1.65 billion from private partner that will finance and operate toll express lanes on I-66.

The next presidential administration needs to play a larger role in collaborating with local governments for infrastructure programs, a panel of state and local officials said this week.

A $3.3 billion project to expand a subsea tunnel system at Hampton Roads, Va., will be financed with a combination of bonds, toll revenue, and gas tax revenue under a plan approved a regional planning agency.

Virginia road planners will evaluate local requests for $9 billion of state funding.

Two groups submit acceptable financial plans for Virginia’s $2 billion P3 plan to expand I-66.

The Virginia Port Authority's credit ratings have been downgraded by S&P Global Ratings ahead of a planned bond sale that will restructure the authority's debt.

Virginia has the environmental clearance to go ahead with a highway project originally earmarked for P3 funding.