Economy

Kentucky and Ohio are forming a bi-state management team to determine how to finance a new, $2.5 billion bridge over the Ohio River between Cincinnati and Covington, Ky.

The corridor between Washington, D.C. and Boston is ripe for public-private partnership rail development if the government gets behind it, according to testimony given before the House Committee on Transportation and Infrastructure Thursday.

After considering a lease of the Ohio Turnpike to private investors, Gov. John Kasich Thursday said he wants to keep the asset in public hands and hopes to issue $1.5 billion of bonds backed by future toll revenue.

The findings of the State Budget Crisis Task Force show that Virginia is in a stronger fiscal position than other large states, but still must begin making changes to close persistent funding shorfalls.

A lawsuit challenging the legality of the Dulles Rail project's toll-powered funding mechanism will have to head to yet another venue after the federal court weighing the case decided it did not have jurisdiction to rule on the matter.

The transportation infrastructure sector is expected to be stable across the board in 2013 despite fiscal cliff pressures and long-term funding concerns, according to Fitch Ratings.

Hoping to entice buyers looking for reinvestments in January, the Orlando-Orange County Expressway Authority sells up to $500M of bonds Thursday after a successful November issuance.

Market-based solutions are needed to reform the United States healthcare system, said a former chief executive officer of pharmaceutical giant Merck at The Bond Buyer's 501(c)3 conference.

Gov. John Kasich Thursday is expected to unveil his long-awaited plan to wring cash out of the Ohio Turnpike, a 241-mile toll road that is one of the state's most lucrative assets.

The $3 billion bond-funded Cancer Prevention Research Institute of Texas faces a criminal investigation over an $11 million grant to a company backed by a major campaign contributor to Gov. Rick Perry and Lt. Gov. David Dewhurst, according to the Travis County District Attorney's public integrity unit.

Public-private partnerships will take over operations in 2013 at three Louisiana State University hospitals and another one under construction.

The Illinois Finance Authority gave initial approval to a $120 million financing tied to the installation of an automated open payment fare collection system for the Chicago Transit Authority using a unique structure.

A $3 billion bond-funded cancer research program that granted funds to a firm backed by donors to Texas Gov. Rick Perry is under investigation by the state attorney general's office, and the executive director of the program has resigned.

Moody's Investors Service downgraded to A2 from A1 its rating on the Detroit-based Henry Ford Health System.

Chicago's transit system needs a reliable revenue stream that provides at least $2 billion annually over multiple years, a new study warned.

Colorado's Regional Transportation District will have about $896 million in unused debt authorization for its FasTracks transit program after this week's issue of $446.3 million, according to estimates.

The Internal Revenue Service has suggested that some of the revenue bonds issued in 1993 by the New Jersey Health Care Facilities Financing Authority for Deborah Heart and Lung Center may not be tax-exempt because of a "total return swap," and has asked NJHCFFA for more information.

An unexpectedly low bid for building a replacement Tappan Zee bridge in New York reduces financial pressure on the New York Thruway Authority, an analyst says.

Moody’s Investors Service downgraded to Ba2 from Ba1 the long-term bond rating assigned to Good Samaritan Hospital’s 64.5 million of outstanding bonds issued by the Lebanon County Health Facilities Authority.

The Port Authority of New York and New Jersey sold $595 million of consolidated bonds in two competitive offerings on Wednesday.