Virginia

A subsea traffic tunnel below Chesapeake Bay has been pushed ahead to take advantage of low interest rates.

Sweet Briar College in Virginia, which announced that it will close this year, said it will pay its bond and debt obligations after Standard & Poor's lowered its bond ratings to B-minus from BBB.

Standard & Poor's lowered its ratings on Sweet Briar College's bonds to B-minus from BBB due to a recent decision to close the central Virginia woman's college.

Raymond James has hired public finance banker Matt Palumbo to work with the firm's mid-Atlantic team in Richmond, Va.

New regulations aimed at reducing public sector risks in transportation P3s win unanimous approval from the Virginia House of Delegates.

An issuer in Virginia recently disclosed an Internal Revenue Service audit of bonds it issued in 2006, and a borrower in Indiana and an issuer in Pennsylvania disclosed that the IRS has closed audits of their bonds.

Buena Vista, Va., will stop making payments on a golf course bond issue that its officials say has become an albatross around the small city's finances.

Fairfax and Loudoun counties in Virginia formally closed on $600 million of federal loans for Silver Line rail project to Dulles Airport.

Private investors will begin collecting tolls soon on new interstate express lanes in Virginia built and operated under a P3 agreement through 2087.

Virginia plans to offer federal qualified energy conservation bond financing to support the state's first program to assist public and private entities in implementing energy-saving projects.

Northern Virginia Transportation Authority will sell $69 million of revenue bonds to finance regional transportation infrastructure.

Virginia Transportation Secretary Aubrey Layne says new P3 rules remove the mystery from the selection process.

Virginia's Commonwealth Transportation Board tightens the rules on how the state deals with public-private partnerships.

Virginia lawmakers likely will reverse a plan to kill a $50 million transfer to the state's transportation fund that imperiled a proposed $100 million road bond issue.

The Virginia Tobacco Settlement Financing Corp. won't have to dip into reserves this year thanks to a settlement with bankrupt Lehman Brothers.

South Florida's Broward County School District wants voters to OK $800 million in GO bonds on Nov. 4, which leads a slate of referendums on ballots across the Southeast.

Virginia officials would have to notify lawmakers about potential risks of new transportation P3 agreements under proposed guidelines.

Fluvanna County, Va.'s three-year legal tussle with Davenport & Co., has come to a close after the county's Board of Supervisors accepted an offer from the firm to drop its pursuit of $1.6 million in legal fees in exchange for an end to the suit and a public statement by the board retracting the claims it made against Davenport.

Virginia lawmakers will consider a budget amendment to ensure new spending cuts do not imperil a planned $100 million road bond issue.

Metropolitan Washington Airports Authority closes on a $1.3 billion federal loan to complete the final 11 miles of a light-rail line to Dulles International Airport.