Southeast

BRADENTON, Fla. — Florida Transportation Secretary Ananth Prasad this week signed an agreement with the Orlando-Orange County Expressway Authority to build the long-planned $1.9 billion Wekiva Parkway.

The Virginia Commonwealth Transportation Board prices the biggest deal of the week, selling $600 million of capital projects revenue bonds.

BRADENTON, Fla. — Lower income and high operating expenses at Louisville’s KFC Yum! Center prompted Moody’s Investors Service Tuesday to drop the rating on the arena bonds to below-investment grade.

The New Orleans City Council’s budget committee last week approved a plan to refinance an estimated $310 million of outstanding debt.

Part of a noise-mitigation plan for Fort Lauderdale-Hollywood International Airport has fallen apart after the Federal Aviation Administration disapproved portions of it.

The Federal Highway Administration last week approved the location of the $1.9 billion Wekiva Parkway, a 27-mile toll road that would complete a beltway around western metropolitan Orlando.

The Alabama Legislature ended a special session last week by passing a bill that will ask voters to increase borrowing for economic development projects.

Jefferson County, Ala., plans public hearings on sewer rate increases from June through the fall, according to the Birmingham News.

The Internal Revenue Service is auditing $3.19 billion of gas project revenue bonds that the Tennessee Energy Acquisition Corp. issued in 2006.

DALLAS — The Louisiana Senate Finance Committee on Monday restored $340 million of budgets cuts made by the House in the $25.5 billion budget for fiscal 2013.