Gov. Arnold Schwarzenegger said he will renew his push for public-private partnerships in transportation during 2008. “P3 is part of our overall economic development strategy for California, and you will hear much more about that in my state of the state address this coming January. We will be talking about that a lot,” Schwarzenegger said Tuesday in his keynote address at a conference on California’s digital infrastructure organized by the University of Southern California Annenberg School’s Center for the Digital Future. It’s not the first time the Republican governor has endorsed P3s, but so far the reaction from Democrats, who control the Legislature, has been cool. “Simply put, to keep our economy moving we have to do everything that we can in order to create the infrastructure faster, cheaper, and better, and I think that we can do that with the public-private partnership,” Schwarzenegger said. “It’s just that right now it is such a new concept for our legislators that they’re not there yet 100%. They are concerned about it, they’re suspicious about it, what it means, and so I think it will take a little bit of time. But I think the next round of infrastructure that we’re going to do there will be much more public-private partnerships.”
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"This was a much-needed rally as the long end struggled throughout the year, but now has been pushed back into positive territory," said Jason Wong, vice president of municipals at AmeriVet Securities.
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Infrastructure like vertiports may be financed with municipal bonds.
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Lawmakers passed California Gov. Gavin Newsom's expansive energy package, including a bill to extend the state's cap-and-invest program.
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A TIF fund established by the Alexandria Industrial Development Authority supporting a troubled hotel renovation project in downtown Alexandria, Virginia, is reported to be in default.
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The authority's borrowing apparatus is maintaining a business-as-usual approach it embarks on a massive new capital program and fends off federal cuts.
September 15 -
Cook County, Illinois, plans to go to market Oct. 1 with $150 million of sales tax revenue bonds. The deal comes on the heels of a Moody's upgrade to Aa3.
September 15