Economy

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.

Atlantic City has reached an agreement to sell its old municipal airport property to its water utility in a deal that city officials hope will help it avoid a state takeover.

After turning around its operating performance, the Kalamazoo, Mich.-based Bronson Healthcare Group received an upgrade of its credit outlook to stable as it prepares to refund $109 million of debt.

New York MTA has put business with Wells Fargo Securities and approval as a senior manager for bond transactions on hold pending its review of the bank’s practices, following revelations that Wells Fargo bank employees secretly created accounts without clients’ approval

Report from GAO finds states challenged by need to fund bridge projects from limited resources.

San Diego Trolley's $1 billion federal grant is a credit positive for the transit expansion, Moody's Investors Service said in a report.

The Port Authority of New York and New Jersey will issue bonds to finance its share of a planned $3 billion overhaul of Manhattan’s Penn Station.

Planners for a 10-county region around Nashville have approved a 25-year, $6 billion transit program.

Oregon’s road user task force wants state lawmakers to expand its existing vehicle-miles-traveled fee system.

New York Gov. Andrew Cuomo announced capital investments to improve two key stations on the Long Island Rail Road's 40-mile spine between Jamaica and Ronkonkoma.

San Diego-based Palomar Health is set to issue more than $400 million of refunding bonds in the next two weeks, split between investment-grade general obligation debt and junk-rated revenue bonds.