Economy

Indianapolis comes to market Tuesday with $42 million of lease revenue bonds that mark the final piece of a financing for a massive new $734 million public safety net hospital located in downtown Indianapolis.

The Federal Aviation Administration has delayed closing 149 air traffic control towers until June 15, including 14 in Florida — the largest number of facilities affected in one state.

The Florida Department of Transportation has extended the time for firms interested in the $2.1 billion managed-lanes project on Interstate 4 through Orlando to submit their qualifications.

Baylor Health Care System plans to issue bonds ahead of its merger with Scott & White Healthcare, and Moody's downgraded Baylor Health one notch.

The Illinois State Toll Highway Authority will sell $500 million of toll-backed revenue bonds next week in the agency's first market outing as it embarks on a $12.1 billion, 15-year capital program.

The Missouri Highways and Transportation Commission has named its chief engineer Dave Nichols to serve as director of the Missouri Department of Transportation.

Edward Hospital & Health Services and Elmhurst Memorial Healthcare formally decided to merge to create one system with more than $1 billion in annual revenues.

The Massachusetts House debated an alternative transportation and education financing bill one-fourth the size of what Gov. Deval Patrick has proposed.

The Ohio Turnpike Commission Monday tapped Citi as the senior manager on $1.5 billion of bonds backed by a new pledge of Ohio Turnpike revenues.

Dallas-Fort Worth International Airport took another downgrade Friday as Fitch Ratings lowered the revenue bond rating to A from A-plus.

Gov. Tom Corbett has ordered a rebid of an IT contract and reviews of all vendors named in the Pennsylvania Turnpike Commission pay-to-play scandal.

New York's Metropolitan Transportation Authority will sell $200 million of Triborough Bridge and Tunnel Authority refunding bonds for capital projects.

A new study released by the Federal Railroad Administration lays out numerous diverse options for high-speed rail investment in the nation's heavily-populated Northeast corridor.

The Virginia General Assembly on Wednesday approved Gov. Bob McDonnell's amended transportation plan, which slashes gas taxes and is projected to pump billions into Virginia's transportation infrastructure over the next five years.

Katherine Perez-Estolano, considered an expert in transportation and land-use planning, was appointed by California Gov. Jerry Brown to the California High-Speed Rail Authority's Board.

Rep. Maxine Waters, D-Calif., has introduced legislation that would make $1 billion available for federal transportation grants.

The Mississippi Legislature is nearing agreement on a $5.7 billion general fund budget for 2014, though questions remain over Medicaid expansion.

Fitch Ratings revised the outlook on the Georgia DeKalb County Hospital Authority to negative from stable citing a decline in operating cash flow below expectations.

The Virginia Port Authority's decision not to pursue a public-private partnership could have a negative impact on other potential port privatization deals, according to a new report from Fitch Ratings.

Minnesota Attorney General will hold hearings beginning next week to probe South Dakota-based Sanford Health's possible acquisition of Minnesota-based Fairview Health Services.