Economy

The board of New York’s Metropolitan Transportation Authority on Wednesday authorized a bond offering to monetize a portion of the 99-year lease payments from Hudson Rail Yards commercial and residential development.

Five new members, including two appointed by New York Mayor Bill de Blasio, have joined the New York MTA board.

In a first-of-its-kind case, a federal judge hears arguments June 30 on motions to dismiss a challenge by two Florida counties of $1.75 billion in private activity bonds for the All Aboard Florida passenger train.

Sponsors of a $1 billion rail line in north Texas said more than $535 million of federal funding is on the way.

Much of the funding in Massachusetts’ new five-year, $14.8 billion capital plan goes to transit infrastructure upgrades.

The Illinois Finance Authority greenlighted $1.4 billion of borrowing plans at its June meeting, led by Presence Health’s preliminary plans to restructure debt as it works to stave off further credit erosion.

San Diego’s Regional Transportation Agency faces opposition from environmental groups to a tax measure for November’s ballot that would raise $18 billion for the region’s transportation project

The Metropolitan Transportation Authority’s Finance Committee on Monday gave its approval to send a bond offering to the MTA board for a final vote on Wednesday.

Unlike its neighbors, Arkansas does not tap its general revenues for transportation projects.

Ohio-based Mercy Health’s ailing collections process and the winding down of its affiliated insurance company – both of which have cut into operating profits -- drove Fitch Ratings to revise the system’s outlook to negative

Maryland’s Purple Line rail P3 gets official notification of an $875 million low-interest federal loan.

Georgia’s Oconee Regional Medical Center did not make its June 1 bond payment, and although the hospital said it plans to pay the debt, S&P Global Ratings sent its ratings to the bottom of the junk scale.

North Carolina Transportation Secretary Nick Tennyson said the $800 million cost to unwind the I-77 Mobility contract and finance the projects in-house are among his concerns about House Bill 954, which would terminate the P3.

Development of Philadelphia’s 30th Street Station and several follow-up projects planned in the immediate area will generate billions in new taxes to the city and state, Amtrak and its partners said.

Illinois capital projects, including the Department of Transportation construction program, face imminent shutdown without at least a stopgap budget in place, officials in the administration of Gov. Bruce Rauner said.

The Federal Trade Commission plans to appeal a federal court judge’s refusal to block the merger of Illinois-based Advocate Health Care and NorthShore University Health System.

The Austin City Council's transportation committee wants voters to decide on $300 million mobility bond packages.

A bipartisan coalition of New Jersey lawmakers are pushing a $20 billion 10-year Transportation Trust Fund plan that faces skepticism from Gov. Chris Christie.

Good Shepherd Medical Center took a three-notch downgrade to B-minus on Standard & Poor’s Global Ratings scale as the East Texas hospital struggled to maintain its Medicare reimbursements.

Virginia’s Commonwealth Transportation Board used objective criteria to develop a six-year, $14.4 billion transportation plan.