Economy

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.

West Virginia will lose $85 million of revenues per year if tolls are removed from state’s turnpike in 2019.

With passenger levels continuing to exceed expectations, the Greater Orlando Aviation Authority plans to issue $189.4 million of airport revenue bonds for its capital improvement and expansion plans at Orlando International Airport.

The Port Authority of New York and New Jersey and elected officials from both states have agreed to a new expanded planning process for a new Manhattan bus terminal.

Arkansas will study whether tolled lanes are the best way to finance a 14-mile segment of a new interstate highway.

Federal budget gridlock could freeze state highway aid at fiscal 2016 levels until after the presidential election.

Caught in a severe fiscal crisis after energy prices collapsed, Oklahoma is offering $181 million of revenue bonds to keep its highway construction program moving.

Northwestern Memorial Healthcare and University of Chicago Medical Center are planning deals totaling about $425 million following Illinois Finance Authority approval.

Wisconsin lawmakers are skeptical of Gov. Scott Walker’s proposed $6.5 billion, two-year transportation budget.

San Diego will build an 11-mile extension of its Blue Line light rail system with a $1 billion federal transit grant.

The already junk-rated bonds of a P3 highway project in Indiana received a downgrade from another rating agency as payment disputes among contractors reached a new level.