Economy

Holders of $113 million of defaulted bonds issued for a Branson, Missouri Airport will get an update on airport operations and an amended forbearance agreement on Oct. 13.

Democrats in the Senate and House have introduced separate bills to raise limits for both tax-exempt small issue manufacturing bonds and highway or surface freight facility bonds.

Tennessee Gov. Bill Haslam will propose a highway funding plan to the 2017 General Assembly that includes a gas tax hike.

The planned shutdown of the L subway line through Brooklyn has spawned widespread calls in New York to spend capital dollars on alternative transportation.

S&P Global says U.S. could rebuild its public infrastructure through the repatriation of overseas corporate earnings.

A House Democrat from Connecticut wants to use federal funds to construct a proposed $10 billion system of interstate highway tunnels in Hartford, Conn., that the state highway department deemed too expensive.

Maine voters are poised to approve additional borrowing for transportation projects on Election Day, according to recent polling.

Rhode Island Commerce Corp. plans a negotiated sale of $250 million in Series 2016B state Department of Transportation grant anticipation bonds.

Virginia has the environmental clearance to go ahead with a highway project originally earmarked for P3 funding.

Three months after ordering a shutdown of most New Jersey road and transit projects, Republican Gov. Chris Christie and leaders of the legislature’s Democratic majorities forged an agreement to fund the state’s Transportation Trust Fund through a gas tax hike.

Charleston County, S.C., officials cite low state road funding in asking voters for sales tax increase.

The Port Authority of New York and New Jersey is plotting a return to its transportation roots, though unraveling its real estate tangle may be difficult.

DALLAS – The Texas A&M Transportation Institute will look into the feasibility of an eight-mile aerial tramway system in Austin known as the Wire that would move passengers high above the city’s often gridlocked roadways.

Fort Wayne, Indiana based Parkview Health System’s improved operating performance earned it a one notch upgrade into the double-A category.

Hidalgo County Health Services Corp. debt issued for the Mission, Texas, Regional Medical Center moved closer to a default rating as S&P Global Ratings dropped $26.7 million of bonds to CCC from B-minus.

Infrastructure projects in the U.S. are plagued by long pre-construction periods, an under-utilization of the public-private partnership financing model, and an inability to both gain support and access capital, a panel of market participants said this week.

Technology-driven transportation projects will be funded with $15 million of new federal Smart Cities grants.

The board of New York's MTA approved its new rotation of bond underwriters while holding off on the application of Wells Fargo Securities.

A long-awaited overhaul of New York’s Pennsylvania Station is now full steam ahead, according to Gov. Andrew Cuomo, who touted sweeping plans Tuesday to create a new “world-class” transportation hub.

New York MTA intends to market five subseries of floating rate securities totaling $242 million and also refund $500 million of transportation revenue bonds in October.