Economy

State Farm agreed to a three-year sponsorship deal with Pennsylvania in the first agreement under the P3 law Gov. Tom Corbett signed in 2012.

Guaranteed availability payments are becoming more attractive to private investors in infrastructure P3s than volatile toll or fare revenues.

The Minneapolis-St. Paul Metropolitan Airports Commission heads into the market Wednesday with a $275 million subordinate general airport revenue refunding with no near-term new-money borrowing in sight.

Pennsylvania opting in to Medicaid expansion is a credit positive for hospitals in the state, according to Wells Fargo Securities.

Robert Thompson of New York City Transit and Joan Nyron of the Pratt Center for Community Development will discuss bus rapid transit at the New York Transit Museum on Sept. 10.

A recent announcement that Virginia Mason Medical Center in Seattle will end one of its contracts in 2016 poses certain credit risks, but has no immediate impact on its ratings, according to Standard & Poor's.

San Antonio voters will get to decide the future of light rail next May in a charter election approved by the City Council.

Denver's highly-regarded National Jewish Health system has lost its Standard & Poor's investment-grade rating, falling to BB-plus from BBB-minus.

The consortium fronted by Sweden's Skanska that is building the $2.3 billion Interstate 4 project in central Florida says it has reached financial close on the concession and loans.

New federal banking regulations will further constrain already struggling infrastructure finance, transportation advocates warned.

As funding declines for road services, North Carolina has decided to allow private sponsors to pay for programs in return for advertising benefits.

Texas voters will decide in November on a constitutional amendment that could boost state highway spending by $1.7 billion a year.

Three Detroit hospitals announced that they have closed a merger that creates a $3.8 billion system that's the largest health care provider in southeast Michigan.

The Treasury Department's 2014-2015 priority guidance plan includes new projects to both update guidance on management contracts that impact private-activity bonds, and ensure PAB rules don't conflict with a new type of arrangement promoted by President Obama's health care reform law.

Puerto Rico is doubling fares on its Tren Urbano rail line in San Juan to prop up the finances of the transit system.

The Massachusetts Bay Transportation Authority has issued an RFP for an air-rights project at its Hynes Convention Center station over the Turnpike.

Maryland's latest six-year transportation plan includes $279.4 million of new projects as part of $4.4 billion of additional highway and transit funding provided over six years by a 2013 state law that raised the gasoline tax.

Opponents of California's $68 billion high-speed rail plan filed a petition to review a recent ruling that allows the $8.7 billion bond issuance for the project.

Mount Sinai and NYU Langone became the first hospitals to advertise on MetroCards, New York's Metropolitan Transportation Authority said.

West Virginia is seeking a private partner to build a 3.3-mile segment of the Coalfields Expressway in the state's first P3 project under a 2013 law.