Southeast

The Louisville and Southern Indiana Bridges Authority approved a development agreement governing the construction, financing, and long-term management of the Ohio River Bridges Project.

The $652 million harbor dredging project for the Port of Savannah, Ga. cleared a major hurdle when the U.S. Army Corps of Engineers signed the Record of Decision approving the project.

In a preliminary report on Florida’s debt capacity, the Division of Bond Finance said that the state’s outstanding debt decreased by $500 million in 2011 and $1.5 billion in 2012.

Jefferson County, Ala., commissioners decided to move forward with a plan that is expected to increase sewer system rates for the first time in at least four years.

Former Montgomery, Ala., bond dealer Bill Blount has been moved to a halfway house to transition toward the end of his federal pay-to-play felony sentence for his role in the sale of bankrupt Jefferson County’s defaulted sewer warrants.

As the Southeast's economy slowly begins to thaw, measures on the Nov. 6 ballot reflect both fiscal conservatism and pent-up demand for education and transportation needs.

Several Virginia municipalities have retained legal counsel to fight Gov. Bob McDonnell's plan to toll Interstate 95, which commonwealth officials have said could help close a $10 billion funding gap over the next 25 years.

Chesapeake, Va.'s triple-B rated toll bridge deal last Wednesday saw investors chasing yield and oversubscribing the $151 million deal by more than 12 times.

After weighing which financing was least likely to provoke a third investigation by the Securities and Exchange Commission, Miami chose a limited public offering to refinance a bank loan.

New Orleans will see a slight increase in general fund revenues to $491.4 million next year, but not enough to end a spending cut, Deputy Mayor Andy Kopplin said.