Economy

Three groups have filed complaints stating that federal approval for the $2.6 billion Ohio River Bridges Project should be thrown out because laws were violated.

After plunging during the financial crisis, the issuance of municipal bonds subject to the alternative minimum tax is slowly rebounding, with airports leading the way.

The Regional Transportation Authority of Illinois has hired former Chicago revenue director Bea Reyna-Hickey as its CFO, filling the position left vacant by Grace Galluci's departure to run the Northeast Ohio Areawide Coordinating Agency.

A public-private partnership to develop a $400 million light rail line in San Juan, P.R. might utilize parking revenue, fares, and other sources to finance the project, according to city officials.

St. Louis-based Ascension Health Alliance is advancing plans to acquire Oklahoma-based Marian Health System, the parent of three regional not-for-profit healthcare organizations in the mid and central states.

Charlotte Douglas International Airport plans to start laying the groundwork toward building a fifth runway at a cost of $160 million.

The Orlando-Orange County Expressway Authority has named interim director Max Crumit to be the Florida agency's permanent leader.

Firms from four countries as well as the U.S. expressed interest in participating in a public-private partnership to construct a street car system in the District of Columbia.

The merger of HealthPartners Inc. with Park Nicollet Health Services won't have an immediate impact on the ratings of either system, Standard & Poor's said in a report.

Massachusetts' new health care cost-containment law could pressure the credit quality of providers by compressing margins, according to Standard & Poor's.

Fitch Ratings last week downgraded $41.1 million of transportation improvement bonds issued by the Butler County Transportation Improvement District, Ohio, to A from AA-minus. The outlook is negative.

The University of Michigan Health System last week announced it has signed an agreement to acquire a piece of MidMichigan Health, a nonprofit system that serves a 14-county region in the center of the state.

Tax-increment financing is an increasingly popular model for cities looking to finance mass transit development, but participants in such projects said Thursday that economic conditions have created several significant challenges for TIF undertakings.

Gov. John Kasich, who has made privatization of state assets a top priority, announced that the state will embark on its first P3 with the construction of a new bridge in downtown Cleveland.

Moody's Investors Service cut its rating to Baa2 from Baa1 on Crittenton Hospital, a stand-alone provider that operates in an affluent Detroit suburb.

The GOP 2012 platform, scheduled to be approved at the party's national convention Tuesday, includes several familiar tax proposals and a handful of initiatives to encourage more private sector involvement in infrastructure finance.

Moody’s Investors Service has revised its outlook on Gundersen Lutheran’s A1 rating to stable from negative in recognition of the hospital system’s strengths and favorable operating performance.

The Southern Environmental Law Center Tuesday filed a federal suit on behalf of conservation groups challenging North Carolina's $1 billion Garden Parkway toll road.

A new projection produced by the Congressional Budget Office shows that both the highway trust fund and transit account, key sources of federal transportation funding, will run out of money in fiscal year 2015 under the recently enacted transportation law.

Australia-based infrastructure development giant Macquarie Capital will advise San Juan, P.R. in its quest to put together a light rail public-private partnership that has been estimated at $400 million, the city announced Monday.