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LINXS, the private developer consortium, and Los Angeles World Airports struck an agreement on a timeline for completion of the people mover project, pushing Fitch Ratings' outlook higher.
August 30
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The private-activity bonds funding LAX's automated people mover project have been downgraded to junk by Fitch amid delays and disagreements with the private developer. But Fitch affirmed the airport's AA rating.
July 5
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LA Metro, which has been considering congestion pricing since 2018, said it had "looked forward to learning lessons" from New York's now paused initiative.
June 27
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Los Angeles Mayor Bass' proposed $12.8 billion spending plan aims to close a $467 million deficit.
April 23
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Los Angeles Mayor Karen Bass aimed high in her State of the City speech just days before she will release a budget that needs to close a nearly half-billion-dollar deficit.
April 16
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Los Angeles Mayor Karen Bass is celebrating her first year in office with infrastructure, business and ESG project announcements.
December 5
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A fire underneath an elevated section of Interstate 10 closed a key piece of infrastructure in Los Angeles, California.
November 13
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Fitch Ratings replaced its negative watch with the negative outlook, citing the lack of clarity around contractor claims of cost overruns.
October 2 -
When Los Angeles World Airports CEO Justin Erbacci steps down next month, Beatrice Hsu will step up as interim CEO.
September 8
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The revenue bonds were issued through the California Municipal Finance Authority on behalf of LAX Integrated Express Solutions, the P3 project developer.
August 3
