Economy

An upgrade from S&P helped generate $396 million worth of transportation revenue bond retail orders, according to New York's Metropolitan Transportation Authority.

New York's MTA is weighing a proposal for a 16,000-square foot eatery at Grand Central Terminal's Vanderbilt Hall, operated by restaurateur Claus Meyer.

The 2010 issuance of $165 million of Build America Bonds by Indianapolis' public hospital has thwarted a long-planned merger with another major Indiana system.

Seleta Reynolds of the San Francisco Department of Transportation was nominated Friday by Los Angeles Mayor Eric Garcetti to be the next general manager of the Los Angeles Department of Transportation.

The concession company that operates a portion of Texas' State Highway 130 toll road is negotiating with lenders as it faces default on its June 30 payments, according to Moody's Investors Service.

Three Detroit hospitals reached a final agreement to merge into a new $3.8 billion system that will be the largest in southeast Michigan.

New York City Transportation Commissioner Polly Trottenberg and Neal Zuckerman of the Metro-North Railroad Commuter Council will join the board of New York's MTA.

Moody's Investors Service has affirmed the A1 rating on Denver Airport Enterprise's $3.72 billion of revenue bonds and raised the outlook to stable from negative.

Three members of Illinois' congressional delegation are calling on the Federal Aviation Administration to complete a new environmental impact study and hold new public hearings on Chicago's $8 billion runway expansion.

Public distrust and confusion over public-private partnerships along with the lack of creative thinking on the technology front are among the constraints Chicago confronts as it looks to address its infrastructure needs, said panelists at a forum.

The Texas Transportation Commission increased the size of its general obligation mobility-fund refunding bond sale on Thursday because demand for municipals jumped as the market strengthened, according to investors.

Watchdog group advises lawmakers to avoid bookkeeping gimmicks in resolving the multi-billion shortfall in the Highway Trust Fund.

Moody's Investors Service said it has affirmed the A1 rating of the Denver (city and county of) airport enterprise $3.72 billion airport system revenue bonds and the a2 rating of the $719 million subordinate revenue bonds.

Moody's Investors Service has downgraded to Ba3 from Baa3 the rating assigned to Good Shepherd Medical Center, Texas's (GSMC) $93.7 million of outstanding bonds issued by the Gregg County Health Facilities Development Corporation and the Harrison County Health Facilities Development Corporation.

Senators Chris Murphy and Bob Corker have joined forces in a push for higher federal gas taxes to fund highway projects.

The North Carolina General Assembly passed a bill clarifying that a regional commission should operate Charlotte Douglas International Airport.

Airports want to double the federal passenger facility fee of $4.50 per head, but airlines see no need for the increase.

With workforce reductions and lower gas tax revenues, the Oregon Department of Transportation will be challenged, according to a recent audit.

The American Hospital Association has provided the Treasury Department and the Internal Revenue Service with recommendations about updating tax-exempt bond rules to accommodate incentives of President Obama's health care reform law.

Standard & Poor's raised its various ratings on New York's MTA, including an elevation of its transportation revenue bonds to AA-minus from A-plus.