Economy

The American Association of Airport Executives is urging Congress members to permanently eliminate the alternative minimum tax penalty on airport-issued private activity bonds.

Louisiana State Bond Commission will consider a proposal for a $82 million refunding of state gasoline tax bonds issued in 2009 as Build America Bonds.

The Denver suburb of Aurora has approved a $25 million tax subsidy to build a conference center hotel at the Anschutz Medical Campus.

Chicago O'Hare International Airport's new customer facility charge bond credit established to help finance a consolidated car rental center received a first-time rating of Baa1 from Moody's Investors Service.

Texas Gov. Rick Perry on Tuesday signed a bill creating a new university and medical school in South Texas’ Rio Grande Valley by merging two existing University of Texas branches.

Moody's Investors Service downgraded Temple University Health Systems to Ba2 from Ba1 Tuesday.

The Dallas County Hospital District lost its triple-A rating from Fitch Ratings Friday as construction of a $1 billion replacement for Parkland Hospital neared completion.

New York State has promised to give the financially distressed SUNY Downstate Medical Center $89 million over the next two fiscal years.

Michigan's emergency loan board Monday approved a move by Pontiac emergency manager to suspend the city's retiree health care payments for up to two years.

The Ohio Turnpike Commission plans to come to market the week of July 29 with $1.1 billion of turnpike bonds backed by a new credit pledge that is key to the state's future transportation funding plans.

Massachusetts Gov. Deval Patrick signed a $34 billion budget, but vetoed $417 million while a separate transportation bill remains unresolved with the legislature.

San Francisco International Airport plans to go ahead with plans to price $483 million in debt next Thursday even as the airport faces an investigation into a crash landing at the airport last weekend that left two dead and five seriously injured.

San Francisco International Airport plans to go ahead with plans to price $480 million in debt next Thursday even as the airport faces an investigation into a crash landing at the airport last weekend that left two dead and five seriously injured.

Toll revenue from the I-495 express lanes in Northern Virginia increased 64.6% from the first to second quarters of this year, according to Transurban Group, the Australian infrastructure firm that operates the lanes.

Storm-damaged Charity Hospital would become New Orleans City Hall under Mayor Mitch Landrieu's $271 million proposal.

Following a review of 32 bolts that failed in March, transportation officials announced that the opening of the new eastern span of the Bay Bridge will be delayed.

Republican leaders on the House Transportation Committee said Tuesday that they intend to reauthorize a rail bill this year and want the legislation to take into consideration innovative financing methods such as public-private partnerships and federal loans.

Georgia is seeking public comments on three vendors that are vying to build the estimated nearly $1 billion, 30-mile, Northwest Corridor managed-lane project.

Denver will price one of its largest issues of airport bonds Thursday, offering $736 million of subordinate-lien debt for construction of its South Terminal hotel and commuter rail station.

Moody's Investors Service hit Rock Island County Metro Mass Transit District in Illinois with a one notch downgrade to Aa3 over the district's heavy reliance on aid from the struggling state to cover operations and debt service.