Infrastructure

The nation's 3,300 airports face $151 billion in infrastructure needs over the next five years, according to the 2023 U.S. Airport Infrastructure Needs Report.

The approval clears the way for groundbreaking on a bridge that the two states have been trying to replace for 12 years.

Even as Florida advances a pair of bills expanding the state's already broad public-private partnership authority, the P3 message from the state's debt office appears less than enthusiastic.

The Build America Bureau has $100 million in grants available over the next five years for public entities doing pre-development work to structure public private partnerships for transportation and transit-oriented development projects. 

The loan, which features a 2.5% interest rate, will finance nearly half of a community building in downtown Mount Vernon, Washington.

Sen. Joe Manchin, D-W.Va., has already pledged to try to overturn the rule in Congress.

Subcommittee Chair Rep. Steve Womack, R-Ark., asked Buttigieg if the $20 billion of federal commitments for transit projects over the next decade "might create a check we can't cash."

The bill would authorize $105 billion in appropriations through 2028 but still faces a few hurdles in Congress.

Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.

It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.

As space becomes an increasingly important frontier for development and competition, spaceports should enjoy the same financial benefits as airports and seaports, say supporters of the federal legislation.

The company expects construction to take four years, with operations beginning in summer of 2028 ahead of the Los Angeles Olympics.

"The upgrade is supported by strengthened debt service coverage ratios due to better than expected recovery from the pandemic," Fitch said.

Friday price talk for the unrated tax-exempt paper was between 11% and 15%.

The law firm revealed 2024 promotions.

The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.

It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.

"We believe in this," Transportation Secretary Pete Buttigieg said.

The Hall of Fame initiative celebrates individuals whose careers have left an indelible mark, while the Rising Stars program recognizes the muni finance leaders of tomorrow. Nominations for the 2024 classes will be accepted until Friday, May 31. This will be the final deadline.

The most recent open solicitation period, last October, yielded three proposals.