Economy

Federal civil rights investigation will delay Colorado’s proposed $1.7 billion P3 highway expansion project.

MetroHealth in Cuyahoga County, Ohio is eyeing more than $1 billion of borrowing to finance a plan to transform its current campus.

A Michigan House committee will resume hearings on a plan to limit retirement healthcare benefits for municipal workers in the New Year.

More federal transportation funding is needed to eliminate constraints caused by inadequate national freight network, officials warned.

U.S. Bank N.A., the trustee for Oconee Regional Medical Center, notified bondholders Tuesday that the Georgia hospital defaulted on its Dec. 1 principal bond payment. It is the second default this year.

Michigan needs to spend an extra $4 billion annually to create 21st century transportation, water, wastewater, and communications infrastructure systems, according to a commission formed by Gov. Rick Snyder.

Political risks are the darkest cloud dimming the transportation sector’s stable outlook for 2017, Fitch said.

Chicago wrapped up its second billion-dollar airport deal within a month at a price that displays how much the market has changed in that short time.

Voters’ approval of the Los Angeles Metropolitan Transportation Authority’s latest sales tax measure has spurred interest from private industry in partnering with the transit authority.

Industry experts see federal transportation policy shifting toward more private investments in public projects.

The Chicago City Council signed on a new special use tax-increment financing district designed to help leverage $1.1 billion in federal funding for Chicago Transit Authority rail transit improvements.

Catholic Health Initiatives, one of the nation’s largest nonprofit health care providers, is in danger of a downgrade from S&P Global Ratings after analysts placed its A-minus rating on its negative watch list.

All Aboard Florida moved a step closer to financing the first phase of its private passenger train project when the U.S. Department of Transportation approved AAF’s new application for $600 million of tax-exempt private activity bonds. PAB financing for the project’s second phase remains uncertain.

President-elect Trump has named former Labor Secretary Elaine Chao as his secretary of transportation.

Citigroup Global Markets Inc. scrapped the closing on $377.6 million in revenue and general obligation bonds it priced for El Camino Hospital in northern California after the U.S. Justice Department subpoenaed documents from the hospital.

Ranking Democrats on House Transportation Committee seek full road funding boost promised for 2017.

Joining the crowd of borrowers, the Minneapolis-St. Paul Metropolitan Airports Commission plans a $438 million deal next week, marking its first new money sale in four years.

A request for state Supreme Court validation on $420 million of toll revenue bonds has sidelined the Oklahoma Turnpike Authority deal as rates rose in post-election investor uncertainty.

Federal judge continues to block Maryland’s $5.6 billion Purple Line P3 rail project over ridership worries.

Lawmakers skeptical of tax credits and private investments want details of Trump’s infrastructure proposal.