Economy

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.

Fitch downgraded Florida's Pensacola International Airport bonds to BBB-minus from BBB primarily due to "financial underperformance" and airline consolidation risk.

The New York Transit Museum will host a discussion on bus rapid transit expansion plans in New York City's demographically changing outer boroughs on Sept. 10.

Combined proposals from Texas issuers in November come to about $6.6 billion, with Austin leading the way with about $1 billion.

Two Illinois based not-for-profit healthcare systems -- Northwestern Memorial Healthcare and Cadence Health – said they plan to complete their merger on Sept. 1.

The opening of Greater Boston's first new subway station in 27 years is a credit positive for Somerville, Mass., said Moody's Investors Service.

A seven-member panel studying high-speed rail service in north Texas plans to seek federal funding to begin development of a line between Austin and Fort Worth.

Nearly 20 years after the airport opened, Denver International Airport is restructuring variable-rate debt as part of a deal that adds a decade to the lease of its major carrier United Airlines by reducing carrier operating costs.

KeyBanc Capital Markets has hired Zachary Kau to work as a managing director in the San Francisco office heading its healthcare finance business in the Public Finance Group.

Metro-North Railroad's emphasis on on-time performance worsened the safety culture at the commuter rail line, said a report commissioned by New York's MTA.

A federal lawsuit seeking to halt Maryland's $2.4 billion Purple Line light rail project says track work will threaten endangered species.