Economy

Illinois-based Advocate Health Care Network is planning a refunding in the coming weeks of up to $365 million.

The Illinois State Toll Highway Authority returns to the market Tuesday with a $270 million senior lien revenue bond sale for savings.

Puerto Rico's governor said today that unless oil tax increases pass in the next few days, he would order San Juan's public transit closed on Dec. 1.

Loma Linda University Medical Center had its outlook lowered to negative by Fitch Ratings, which cited a higher-than-expected debt burden and a pressured financial profile.

At least two northwest Indiana counties put together a preliminary bid on the bankrupt Indiana Toll Road that's expected to be at least $4 billion, while three other counties opted out of the proposal.

Denver International Airport's South Terminal hotel will cost no more than $600 million after a series of overruns ballooned the budget beyond its original $500 million, DIA chief executive Kim Day told the City Audit Committee on Nov. 20.

Miami-Dade County plans to price $750 million of revenue bonds to refund bonds issued for capital improvements at Miami International Airport.

The University of Arkansas Board of Regents will look for savings with a $90 million refunding of bonds issued in 2006 for the medical school.

Texas Children's Hospital plans to add a 19-story tower to its Texas Medical Center campus in Houston as part of a $475 million expansion plan.

Northern Virginia Transportation Authority will sell $69 million of revenue bonds to finance regional transportation infrastructure.

The Port Authority of New York and New Jersey won a court battle against the Automotive Automobile Association's efforts to block a planned December toll hike.

The Chicago Transit Authority's $1.4 billion 2015 budget won the endorsement of the Civic Federation of Chicago in recognition of the agency's fiscal strides.

New York MTA Chairman Thomas Prendergast and several board members called for a full-court press on Albany officials to fully fund its four-year capital program.

Puerto Rico lawmakers are wrangling with Gov. Alejandro García Padilla over ways to boost the finances of the Puerto Rico Highways and Transportation Authority after the governor's plan to raise oil taxes reportedly ran into opposition.

New York Assemblyman Phillip Goldfeder asked Gov. Andrew Cuomo to direct a portion of $5 billion in budget surplus to restore the abandoned Rockaway Beach rail line.

President Obama is pushing for Congress to take up his proposed $302 billion, four-year Grow America Act before the extension of the Highway Trust Fund expires in May, a top Transportation Department official said Tuesday at The Bond Buyer's Transportation Finance/P3 Conference.

San Francisco's toll bridge agency is planning to sell $814 million of refunding and revenue bonds next month.

High speed rail in the U.S. is stymied by a lack of political will and no dedicated funding.

The Gary/Chicago International Airport, located in struggling Gary, Ind., is making its first bond market appearance this week with the sale of $30 million of tax increment-backed bonds.

New York's Metropolitan Transportation Authority unveiled its proposals late Monday to increase fares and tolls by 4% over the next two years.