Economy

As stadium and arena deals grow in complexity and expense, the capital stack often includes a combination of public and private money along with revenue generated by the facilities.

Kevin Bain, formerly director of strategy for the city of Detroit, has joined Public Sector Consultants as a senior strategist for climate and project finance.

Federal Reserve Gov. Christopher Waller, a Trump appointee, said that while recent inflation readings are concerning, monetary policy would remain restrictive even if the central bank cuts interest rates by another quarter-point this month.

Bondholders are prepared to loan up to $22 million to the hospital.

The county achieved its many goals through long-running discipline, planning, and intelligent risk taking.

"It became apparent that building this new critical care, advanced care bed tower was a strategic imperative," said John Morgan, interim CFO at WMCHealth.

The agency says it will be able to fully fund its current and upcoming capital plan, despite lowered tolls. 

The board is seeking one municipal advisor, one broker-dealer and two public representatives to join the board for FY 2026.

The agencies cited the authority's strong performance and position.

Opposition from President-elect Trump and lawsuits from all sides persuaded Gov. Kathy Hochul to lift her pause on the tolling program.

The court affirmed its earlier decision, which means bondholders have a claim on the full $8.5 billion due.

The incoming administration's opposition to congestion pricing has put renewed pressure on New York's governor. 

Lawyers are beginning to flesh out what the specifics of what a second Trump administration may look like, and what we can expect before Biden passes the baton.

The impact of both presidential candidates' fiscal promises around taxation and spending could have dramatic effects on the Federal Reserve's outlook for monetary policy, which has become more aggressive toward rooting out inflation.

The upgrade affects most but not all of MEAG's outstanding bonds.

The Philadelphia-based university straddles the higher education and healthcare sectors, but market demand suggests it's greater than the sum of its parts.

Observers say the decision may be a credit positive for the financially struggling utility

Large measures to authorize or support bonds are on the menu in several of the region's largest cities and suburbs.

The deal was the latest billion-dollar-plus transaction for one of the P3 airport terminal projects at John F. Kennedy International Airport.

The downgrade affects $2.1 billion in bond debt and extends to its utility debt.