Infrastructure

Tom Prendergast and Denise Berger were hired by the engineering firm to spearhead major infrastructure needs facing the New York City region.

Of $10 billion allocated in the CARES Act, public airports can use $7.4 billion for any lawful purpose, including the payment of debt service.

The bi-state transportation agency's executive director, Rick Cotton, recovered from virus than three weeks after testing positive.

He is maintaining his full schedule and working at home, authority officials said.

"Like all businesses, we are operating in a period of uncertainty which may last several months," Virgin Trains/Brightline President Patrick Goddard said.

The rating agency, citing severe ridership drops from COVID-19, dropped its rating to A-minus from A. It assigns a negative outlook.

The short-term funding for airports and transit agencies in stimulus bills won’t be a substitute for the stability of long term financing.

They asked for a combined $4.4 billion.

New York MTA and 10 other transit systems have cited the crippling effects of ridership drops due to COVID-19.

The authority, which tapped its $1 billion credit line and received a warning shot from Moody's, says COVID-19 is a disaster that requires a national response.

Questions about the impact of COVID-19 surround the state-run authority, which operates New York City transit and is one of the largest municipal issuers.

Authority Chairman Patrick Foye cited plummeting revenue as riders stay home because of COVID-19

As COVID-19 impacts the U.S. economy, muni market participants want to bring back tax-exempt advance refunding, raise the cap on bank-qualified debt, among others.

Congressional offices may decide to minimize or ban face-to-face meetings as virus concerns grow.

Shawnee County, Kan., commissioners on Monday approved issuing $150 million in industrial revenue bonds for a massive new Walmart distribution center to be built just south of Topeka.

Bernie Sanders and Joe Biden are proposing to spend hundreds of billions of dollars that would require the support of lawmakers in both chambers of Congress.

Port Authority of New York and New Jersey Executive Director Rick Cotton plans to maintain day-to-day operations from home after a positive coronavirus test.

Chairman Patrick Foye says that the outbreak has no material effect for now, and the authority promises to continue timely disclosure.

The revenue package for the $18 billion bond bill includes a proposed rise in gas and corporate taxes that Gov. Charlie Baker opposes.

Ramifications extend well beyond the three-level Brooklyn-Queens Expressway structure that is one of the most reviled pieces of city infrastructure.