Economy

Indiana last week announced a shortlist of four firms that will compete for a chance to partner with the state on a $400 million interstate highway project.

Maryland intends to develop a 16-mile light rail project in the Washington D.C. suburbs through a public-private partnership, the largest P3 in the state and the first for a transit project, government leaders announced Monday.

Colorado's E-470 Public Highway Authority may change a closed toll booth to a service stop for drivers. Meanwhile, the authority is refinancing $66 million of debt that represents a legacy of the 2008 market collapse.

Chicago heads to market Tuesday with a $247 million O'Hare International Airport borrowing to help finance a consolidated car rental center that's part of an $800 million multi-modal transportation facility.

In an action that could affect numerous transactions across the country, the Internal Revenue Service has determined that revenue bonds issued by a New Jersey authority for the Deborah Heart and Lung Center are taxable because the borrower entered into a total return swap.

The Regents of the University of California is planning to sell $665 million of fixed and variable rate medical center pooled revenue bonds.

Preliminary results show a majority of bankrupt American Airlines' shareholders and creditors — which include some holders of the airline's $3.3 billion of municipal bonds — have signed off on a proposed reorganization.

Charlotte is in court again fighting passage of a second bill by the North Carolina General Assembly transferring Charlotte Douglas airport's operations to a 13-member commission.

Washington State is planning to sell $864 million of general obligation bonds in a competitive offering next week after receiving improved outlooks from two credit rating agencies.

A transportation and housing appropriations bill was pulled from consideration on the House of Representatives floor Wednesday.

All three major ratings agencies have downgraded Catholic Health Services of Long Island, N.Y., revenue bonds.

Illinois-based Advocate Health Care Network enters the market Thursday to raise nearly $100 million of new money for projects at three of its Chicago area hospitals.

Any credit with Detroit in its name can expect to take a hit in the market, but for the Detroit Metropolitan Airport, the so-called Michigan penalty is nothing new, says CFO Terry Teifer.

New York's MTA has secured $200 million of insurance protection that will help pay for future repairs for storm damage to its infrastructure, the agency announced.

Texas Gov. Rick Perry on Tuesday called a third special session after the Legislature failed to pass an $850 million highway funding measure.

New York City subway and bus fares would rise by 50% by 2023 if the MTA continues with biennial 8.4% fare increases, said the Independent Budget Office.

Moody's Investors Service affirmed the Baa3 credit rating of a Lancaster-Calif.-based Antelope Valley Healthcare District that had been placed on review for downgrade.

Chicago retirees who stand to lose their city-subsidized healthcare under Mayor Rahm Emanuel's plan to dismantle the existing program and move them to health insurance exchanges are firing back, suing to hold on to the benefit.

Milwaukee County plans to sell $51 million of new money and refunding general airport revenue bonds for General Mitchell International Airport, but received a downgrade and worsened rating outlook.

Moody's Investors Service downgraded Alaska's Airport System revenue bonds due to a slowdown in global air cargo.