Economy

The New Jersey State Senate pressed the federal government on Sept. 24 to accept a funding proposal for a new $20 billion Gateway rail tunnel project with a bipartisan resolution that passed in a 38-0 vote.

New York's MTA will review its $152 million contract with its paratransit Access-a-Ride service provider after employees told board members of mistreatment.

The Port Authority of New York and New Jersey has approved a 75-year lease with a developer to transform the former TWA Flight Center at John F. Kennedy Airport into a hotel complex.

Longtime Philadelphia Regional Port Authority (PRPA) Executive Director James T. McDermott Jr. is planning to retire on April 15, 2016,

The Fremont-Rideout Health Group received a three-notch Standard & Poor's downgrade to BBB from A on three series of revenue bonds, citing a sharp deterioration in financial performance.

New York’s MTA expects to resubmit its five-year capital program request to state officials by the end of next month, Chairman Thomas Prendergast said.

Texas Gov. Greg Abbott tells road planners to look at projects that eliminate bottlenecks and reduce traffic congestion.

Major bond-financed investments have been paying off for some of Northern California’s smaller airports, which have seen their multi-billion dollar projects followed by more airline and passenger business.

Rating agencies have restored stable outlooks on the University of North Texas system as UNT prepares to go to market with $222 million of revenue bonds.

Ohio's Promedica Health is bringing $320 million of low double-A rated hospital bonds to market Thursday, a day after publishing a supplement to bond documents informing investors of a potential merger in the works.

The Greater Orlando Aviation Authority prices $215.15 million of bonds subject to the alternative minimum tax on Wednesday to support Orlando International Airport's $3 billion capital plan.

The Federal Highway Administration filed a motion Tuesday dropping its appeal of an adverse lower court ruling that the government illegally approved the controversial $1.5 billion Illiana toll road project.

The Massachusetts Bay Transportation Authority’s operating budget is unsustainable, said a report by its new fiscal oversight board.

Florida-based Adventist Health System agreed to pay $118.7 million to settle allegations that it had physician referral agreements that violated the federal False Claims Act.

An airport group wants airlines to drop their opposition to higher passenger facility fees that finance local infrastructure.

Chicago plans as much as $3 billion of airport, wastewater revenue, and general obligation borrowing -- mostly for refunding and restructuring purposes -- that officials say can’t wait on an improved market climate for city debt.

Colorado Department of Transportation executive Michael Cheroutes moves to the private sector Oct. 1 as founder of the Colorado Center for Infrastructure Investment, a nonprofit that will consult on public-private partnerships.

A positive outlook from Standard & Poor’s may lead to an investment-grade rating for the Decatur County Hospital Authority.

Oregon must spend an additional $3.6 billion over the next 20 years to keep aging state highway bridges at current conditions, Oregon DOT says.

The trustee for the Santa Rosa Bay Bridge Authority’s defaulted toll bridge bonds wants to sue the state if enough bondholders step forward to authorize the legal challenge.