Economy

McLaren will also sell some tax-exempt debt to refinance floating-rate notes.

Last week Mayor Rahm Emanuel selected billionaire tech entrepreneur Elon Musk's The Boring Co. to build tunnels that autonomous vehicles would zoom through at speeds over 100 mph to transport riders between the Loop and O'Hare International Airport.

The city isn't risking its money, only that Elon Musk won't deliver on his promises for an airport transit line.

Ascension's acquisition of Presence Health brings double-A ratings to the previously triple-B-minus debt of Presence.

The city has finalizeda consulting contract with an advisory team for a possible airport lease.

A ballot measure in November will ask voters to reverse the tax increase and construction package lawmakers approved in 2017.

Chicago Mayor Rahm Emanuel's administration and The Boring Company will begin contract negotiations on a high-speed tunnel system.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.

A $3 toll hike will raise $4.45 billion for transportation projects.

The New Jersey Transportation Infrastructure Bank was approved by state lawmakers in April.

Chances that the 42-year-old Navajo Generating Station could survive beyond 2019 have improved with President Trump's plan to subsidize coal.

Voters in the greater Portland area will decide in November whether to approve a measure to provide funding for affordable housing.

Members of the state Parkways Authority approved a bond resolution Thursday authorizing the sale of more than $300 million in bonds, to be funded by doubling tolls on the West Virginia Turnpike.

The New York City Housing Development Corp. intends to issue up to $838 million in in multi-family housing revenue bonds and provide $321 million in additional financing for affordable developments.

Senate and House Appropriations Committees appropriate more funds for certain transportation and housing programs after the president sought cuts to or elimination of the programs.

San Francisco’s former redevelopment agency is taking advantage of a 2015 law allowing it to bond for affordable housing.

The Kentucky county’s BB general obligation bond rating was withdrawn less than a month after S&P Global Ratings downgraded the bonds seven notches.

Revised criteria for not-for-profit hospitals combined with insurance-related losses to result in a downgrade for New York State’s largest healthcare provider.

The House Transportation and Infrastructure Committee Chairman is reportedly crafting infrastructure legislation that could be introduced as soon as this summer.

Maine Gov. Paul LePage has been ordered by a judge to begin implementation of voter-approved Medicaid expansion after missing the state’s April 3 deadline.