Economy

An international consortium of investors and project developers plans to issue $272 million of private activity bonds to build toll lanes in one of the Houston area’s most congested corridors.

State officials say a 45% road funding shortfall will cripple Minnesota’s highway expansion plans by 2018.

Ohio-based Kettering Health Network won an upgrade from Standard & Poor’s ahead of its upcoming $90 million sale.

San Francisco-based Dignity Health had its outlook revised to negative from stable by Standard & Poor's, which cited a decline in financial performance.

Outside-the-box approaches to New York's regional transportation woes still beg the question of funding.

Ascension Health Alliance, the nation's largest not-for-profit healthcare system, plans to sell about $1.9 billion of debt over the next month.

Louisiana’s fiscal problems require that the state alter how it prioritizes capital outlay projects, particularly those financed with state bonds, said Commissioner of Administration Jay Dardenne.

Members of a House panel rebuffed a request from WMATA for $300 million per year of additional federal funding.

A plan to reduce Oklahoma’s $1.3 billion budget shortfall would include $500 million of bonds for highway projects under a plan announced by Gov. Mary Fallin.

Upgrading San Francisco’s vulnerable northern seawall to protect against earthquakes and rising sea level could cost $5 billion.

Maryland legislators have overridden Gov. Larry Hogan’s veto of a bill requiring ranking of transportation projects.

As it delivers growing numbers of commuters through Houston’s congested car culture, the Metropolitan Transit Authority of Harris County will make a side trip to the municipal market with $136 million of refunding bonds.

The Indiana Finance Authority’s $250 million 2014 private activity bond issue for the I-69 Section 5 project received a one-notch Fitch Ratings downgrade to BBB-minus.

The Philadelphia Area Municipal Analyst Society will explore how the city’s academic medical centers can adapt to stay ahead of a rapidly evolving healthcare environment at the organization’s meeting next week.

Loma Linda University Medical Center received mixed messages from two rating agencies as it prepares what will be the municipal bond market’s largest junk rated deal of the year so far.

Ohio is highlighting the strong, multi-layered backing of its highway bonds as it prepares to sell $231 million to pay for highway capital improvements.

Cook County board President Toni Preckwinkle will introduce plans next week for a privately financed $600 million redevelopment of the county’s long-closed historic hospital along with a new $118 million bond-funded addition to its current hospital campus.

U.S. ports and their private-sector partners plan to spend a whopping $154.8 billion on port-related freight and passenger infrastructure over the next five years, according to a survey by the American Association of Port Authorities.

New Jersey Transit has named former Amtrak chief operating officer William Crosbie as the agency’s new executive director.

Florida Gov. Rick Scott signed a bill Monday creating the Florida Department of Transportation Financing Corp., to issue tax-exempt bonds for agency projects that will include public-private partnerships.