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That's not a bad idea despite the crumbling condition of a key stretch of the highway, says NYU Rudin Center Director Mitchell Moss.
August 11
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A federal judge denied Nuveen's motion to dismiss Preston Hollow's antitrust lawsuit concluding a "plausible" claim exists to proceed. PHC faces a tougher legal road ahead in proving its rival orchestrated a damaging boycott.
August 11
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Municipals are tethered to Treasuries, more so in recent sessions, and have cheapened, but strong technicals — $18.5 billion of net negative supply and large reinvestment needs — still hang overhead.
August 10
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California's troubled high-speed rail project was not a priority in the bill the Senate passed Tuesday, amid $66 billion targeted for intercity rail.
August 10
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New York's governor, embroiled in a sexual-harassment scandal, will step down in two weeks, in a move that could affect the state-run MTA, a major bond issuer.
August 10 -
The legislation passed the Senate by 69-30 setting the stage for House lawmakers to work on it and for Senate Democrats to weigh a social infrastructure agenda.
August 10
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Former Markham, Illinois, Mayor David Webb Jr. was accused of pocketing bribes for a project financed with bonds. He also pled guilty to criminal charges.
August 10
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Deputy budget director David Womack explains what generates investor confidence in the city. Paul Burton and Chip Barnett host. (14 minutes)
August 10
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Chicago is accepting underwriter qualifications as it updates its investment banking pool; it also delayed the bidding deadline for potential casino developers.
August 10
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Triple-A benchmarks saw cuts of one to two basis points across the curve, but still outperformed two days of UST weakness and have outperformed UST losses since the start of the month.
August 9
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Even if the Oversight Board can legally approve new debt for the deal, some market participants say the future "willingness to pay" is the larger consideration.
August 9
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The forthcoming Texas law bans businesses from state contracts if their policies are said to discriminate against the firearms industry.
August 9
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Treasury has already halted the sale of state and local securities, known as SLGS.
August 9
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Better-than-expected job gains, a rising UST complex and an increase in supply to test municipals' resolve.
August 6
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The reserve was used to make a $9.3 million Aug. 2 payment on about $290 million of debt. About $9.3 million is left in the fund, enough for the Feb. 1 payment.
August 6
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The shutdown of a major California hydroelectric power facility underscores the severity of drought conditions in the state.
August 6
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Rising sea levels could make catastrophic events such as recent subway flooding more intense and frequent in places including New York and Boston.
August 6
