Economy

As Dallas Area Rapid Transit prepares for a $430 million refunding issue this month, the transit agency is also mapping plans for nearly $1 billion of downtown projects linked to a proposed high-speed rail line and the city’s convention center hotel.

Opinion over how to use an abandoned 3-1/2 mile rail corridor in New York City's Queens borough is as diverse as the neighborhoods within its reach, according to a study.

Joining a year-end rush to market, the Texas Transportation Commission plans to offer $1.4 billion of top-rated general obligation bonds in December.

Virginia lawmakers likely will reverse a plan to kill a $50 million transfer to the state's transportation fund that imperiled a proposed $100 million road bond issue.

New York's MTA unveiled the new Fulton Center complex in lower Manhattan. The $1.4 billion project was conceived after Sept. 11.

Arkansas' $206.5 million federal highway grant anticipation and tax revenue bonds with final maturities of 2026 drew a true interest cost of 2.0858% in a competitive sale won by Citigroup.

California local streets and roads will continue to deteriorate unless additional funding can be found, according to recent statewide condition report.

Debate resonates in New York City's Queens borough over how to best use a 3-1/2 mile abandoned rail corridor.

The San Francisco Metropolitan Transportation Agency's revenue bond rating has been upgraded to Aa2 from Aa3 based on positive financial operations.

Fate of Maryland's $2.45 billion Purple Line light rail P3 is in the hands of Gov.-Elect Larry Hogan, an avowed foe of transit projects.

The North Texas Tollway Authority's $461 million of refunding bonds were ten times oversubscribed in a Nov. 5 pricing, bringing the toll road operator savings of nearly 11%.

Transportation proposals were popular with voters during Tuesday's election, with few defeats amid several big-ticket initiatives that passed by wide margins in Texas, California, Maryland, and Wisconsin.

Springfield, Ill.-based Hospital Sisters Services Inc. will refund $180 million of bonds Wednesday shedding some of its floating rate exposure.

The crash of Virgin Galactic's Spaceship Two is a setback for New Mexico's publicly financed SpacePort America, which is to be the location for commercial space flights, but the bonds issued to build the facility remain a safe investment, an official said.

Tennessee has deferred $400 million of highway projects until 2016 because of concerns the Highway Trust Fund will be insolvent again in May.

Passage of a long-stalled transportation infrastructure package that would raise $1.2 billion in new revenue will be Michigan Gov. Rick Snyder's top priority during the upcoming lame-duck legislation session, the state's budget director said.

Good Shepherd Medical Center's failure to complete an assets sale brings a downgrade to BB-minus and a negative outlook from Standard & Poor's.

Missouri-based Mercy Health will sell $355 million of revenue bonds as soon as Tuesday to cover the costs of various projects including the ongoing construction of a replacement hospital for one destroyed by the May 2011 Joplin tornado.

More than $10 billion of water and transportation infrastructure proposals are on Tuesday's state and local ballots.

Spokane, Wash.'s airport has been downgraded to A2 from A2 by Moody's Investors Service.