Southeast

BRADENTON, Fla. — Kentucky is seeking proposals from qualified teams to build its half of the Louisville-Southern Indiana Ohio River Bridges Project.

Few days remain in the Alabama Legislature's annual session and lawmakers continue to argue over whether to provide bankrupt Jefferson County fiscal relief.

DALLAS — The Louisiana House Appropriations Committee late Tuesday passed a $25 billion budget for fiscal 2013, but had to balance the spending with $340 million of one-time money and cuts to services.

Trustees of the French Quarter Management District voted last week to oppose a legislative effort to establish a hospitality district encompassing the New Orleans neighborhood with the authority to issue bonds and create sub-districts for projects funded with tax-increment financing.

The Atlanta Falcons and the Georgia World Congress Center Authority are leaning toward building a new football stadium with a retractable roof rather than renovate the existing Georgia Dome, according to the Atlanta Business Chronicle.

Georgia-based American Maglev Technology Inc. has proposed a 15-mile, $315 million elevated magnetic levitation train project to connect Orlando International Airport with several locations in central Florida, according to the Orlando Sentinel.

Moody’s Investors Service last week downgraded Hillsborough County, Fla.’s community-investment tax revenue bonds to A1 from Aa2, and lowered the county’s court facilities refunding revenue bonds to A1 from Aa3.

Former Alabama Gov. Bob Riley is now working for Houston-based alliantgroup LP, a tax specialty services provider that helps companies take advantage of federal and state tax incentives.

Bankrupt Jefferson County, Ala. last week dismissed counter charges against the Bank of New York Mellon for withdrawing $584,742 from a construction fund.

BRADENTON, Fla. — Florida's Citizens Property Insurance Corp. Tuesday closed on the largest single catastrophe bond deal, transferring $750 million of risk to the capital market.