Economy

Moody's Investors Service has downgraded the New York Thruway Authority's senior lien bonds to A2 from A1.

The Port Authority of New York and New Jersey reached a financial closing on a $1.5 billion P3 to replace the Goethals Bridge with a cable stayed design bridge.

The Texas Department of Transportation is again considering tolling the Interstate 35 freeway in Austin and lifting tolls on a troubled tollway skirting the city's eastern edge.

The State University of New York promised to restore ambulance service to Brooklyn's Long Island College Hospital on Friday after opponents of the facility's closure threatened legal action, arguing the cancellation violated a Sept. 4 court order.

An agreement on funding new and renewed transportation infrastructure could be the basis of a bipartisan budget deal, President Barack Obama said Friday at the Port of New Orleans in south Louisiana.

The Maryland Transit Administration plans to seek bids soon for a private partner willing to provide up to $900 million of funding for a $2.2 billion light-rail line in the northern suburbs of Washington following Gov. Martin O'Malley's and the state Board of Public Works' unanimous approval of the P3 competitive solicitation process.

Moody's Investors Service downgraded the issuer rating for Torrance Memorial Medical Center to A3 even as the Southern California hospital looked to complete construction on its new patient tower six months early.

Recent Bay Area Rapid Transit strikes highlighted credit risks for local governments in that region, according to Fitch Ratings.

The Internal Revenue Service has closed an audit of series 2005E and series 2007B hospital revenue bonds issued by the Highlands County, Fla. Health Facilities Authority with no change to the bonds’ tax-exempt status.

The Illinois State Toll Highway Authority plans to borrow $900 million of new money next year to help support its 15-year, $12 billion capital program.

With funds in the federal Highway Trust Fund dwindling, Oklahoma is slowing highway construction amid continuing uncertainty.

A North Carolina judge has bounced the governance dispute over Charlotte Douglas International Airport back to the Federal Aviation Administration.

Dallas-Fort Worth International Airport provides a $31.6 billion economic impact to the metropolitan area, according to the University of North Texas Center of Economic Development and Research.

Moody's Investors Service revised its outlook to negative on Indiana-based Franciscan Alliance, affecting more than $1.1 billion of debt.

Virginia's new $1.4 billion per year transportation infrastructure plan has become a point of contention between the Democratic and Republican candidates for governor.

The Virginia Supreme Court issued a ruling Thursday that allows the Elizabeth River Tunnels project to move forward as a tolled facility.

San Francisco's triple-A rated Bay Area Transit System is planning to sell $240 million of bonds next week to finance earthquake safety improvements throughout its facilities.

The Dauphin County, Pa. commissioners voted to approve $170 million in revenue bonds related to the parking lease deal in Harrisburg, Pa.'s debt-recovery plan.

Traffic and toll revenues are ramping up on Maryland Transportation Authority’s $2.4 billion, 19-mile Intercounty Connector built to relieve congestion in the Washington area.

Non-profit hospitals in states that have opted not to expand their Medicaid programs under the new federal health care law will face financial problems and rating pressure next year, Fitch Ratings warned.