Economy

Indiana University selected Goldman Sachs to act as its main advisor on a proposal to privatize its parking system in a bid to raise cash to offset declining state aid and other revenue sources.

Fitch Ratings downgraded $572 million in debt issued for Loma Linda University Medical Center one notch to BBB-minus, the lowest investment grade rating

Alaska voters will decide on a $453 million transportation bond next week.

Dallas Area Rapid Transit has rescheduled its $128.3 million revenue bond pricing for Nov. 8 after the deal was postponed by the storm that shut down the financial markets in New York.

Virginia Gov. Bob McDonnell blasted the Metropolitan Washington Airports Authority after a new U.S. Department of Transportation report found numerous flaws in its policies and procedures.

The Louisville and Southern Indiana Bridges Authority approved a development agreement governing the construction, financing, and long-term management of the Ohio River Bridges Project.

The $652 million harbor dredging project for the Port of Savannah, Ga. cleared a major hurdle when the U.S. Army Corps of Engineers signed the Record of Decision approving the project.

Hurricane Sandy left the best laid capital plans of New York-area transportation agencies in shambles, hitting the Metropolitan Transportation Agency the hardest, flooding tunnels, subway lines and rendering most rail services in New York and New Jersey inoperable.

Two of Michigan's largest providers Wednesday announced plans to merge to create a new $6.4 billion system, joining the growing number of providers nationally who are hoping to consolidate.

A $1.3 billion network of bond-financed highways linking major cities in Arkansas would enhance the state’s economy and quality of life, proponents said Tuesday.

As the Southeast's economy slowly begins to thaw, measures on the Nov. 6 ballot reflect both fiscal conservatism and pent-up demand for education and transportation needs.

Though they can often deliver infrastructure projects faster and at lower cost than traditional procurement, P3s are not a silver bullet and not always the right way to go, according to a new white paper released by the National Council for Public-Private Partnerships.

With the healthcare industry facing dramatic changes, Scottsdale Healthcare Corp. is getting a ratings lift after the sale of eight buildings under a new finance strategy.

Standard & Poor’s said the announcement of a proposed merger between health care giants Trinity Health and Catholic Health East does not affect their credit ratings yet, but that a consolidation would likely result in a credit with a weaker rating than Trinity’s AA rating.

Wyoming, Mich.-based Metro Health is seeking a strategic partner for a merger to help navigate changes in the health care industry.

Several Virginia municipalities have retained legal counsel to fight Gov. Bob McDonnell's plan to toll Interstate 95, which commonwealth officials have said could help close a $10 billion funding gap over the next 25 years.

A court hearing on a dispute between Highmark Inc. and West Penn Allegheny Health System Inc. over their failed $475 million merger agreement will continue Thursday in Pittsburgh.

Dallas Area Rapid Transit will close out its commercial paper program with Bank of America by issuing $128.3 million of sales-tax revenue bonds in a deal postponed due to the storm on the East Coast.

Chesapeake, Va.'s triple-B rated toll bridge deal last Wednesday saw investors chasing yield and oversubscribing the $151 million deal by more than 12 times.

More than half of those polled by the University of Arkansas in a recent telephone survey favor a proposed sales tax increase to support $1.3 billion of state highway revenue bonds.