Economy

On the eve of a refunding for the same amount and with former Gov. David Paterson on board, the agency signs off on spending for capital projects

Fitch Ratings has affirmed its D rating on the Santa Rosa Bay Bridge Authority's approximately $116.8 million in outstanding revenue bonds, which are in default.

Jefferson County Commissioner Joe Knight wants to remove disgraced former county commissioner Mary Buckelew's name from a road.

Moody's Investors Service has revised its outlook on Meriter Hospital's A1 rating to negative from stable ahead of a private placement of debt.

Officials from the Chicago Transit Authority Monday said a $20 million federal TIGER grant would allow the agency to move forward with upgrades to a busy transit terminal.

Several municipal bond provisions that have gotten strong support from muni lobbyists, market participants, and state governments and which were included in the Senate-passed highway bill may not survive eleventh-hour House-Senate committee negotiations, stakeholders say.

Both Moody's Investors Service and Standard & Poor's have revised their outlooks on New Jersey's junk-rated Palisades Medical Center to positive from stable.

Ohio State University approved a final $483 million concession agreement to lease its parking system for 50 years to QIC Global Infrastructure and LAZ Parking.

Boston has the nation's oldest public transportation system, and the most leveraged. So far, one-shot measures have filled shortfall's but critics complain.

The latest round of TIGER grant funding will disburse nearly $500 million to 47 projects in 34 states and the District of Columbia, U.S. Transportation Secretary Ray LaHood announced Friday. The Department of Transportation received 703 applications from all 50 states, U.S. territories, and D.C. The awards ranged from $1 million to $21.6 million.

Moody's Investors Service has downgraded the Washington Township Health Care District's long-term revenue bonds to Baa1 from A3, affecting $232 million of debt.

Virginia Gov. Robert McDonnell announced this week that the Virginia Transportation Infrastructure Bank will provide $160 million in loans to help finance two major transportation projects in the commonwealth.

With the final step in the federal environmental review process completed this week, the $2.6 billion Ohio River Bridges Project will allow Kentucky and Indiana to award construction contracts before the end of the year and the spans will serve to ease congestion across the Ohio River, said U.S. Transportation Secretary Ray LaHood.

The U.S. Department of Transportation has released $10 million under its TIGER grant program to modernize the infrastructure and warehouse facilities at the Hunts Point Terminal Market in New York City’s Bronx borough.

The Triborough Bridge and Tunnel Authority is scheduled to sell $195.6 million of general revenue variable-rate refunding bonds on Thursday by competitive bid.

Richland County, S.C., council members are poised to try to ask voters for the second time in two years to approve a 1-cent, 20-year sales tax to finance nearly $940 million in transit and road projects.

Lacking a financial plan for the $5 billion Tappan Zee Bridge replacement, the New York State Thruway Authority received negative ratings outlooks.

Chicago Blue Line Renewal & City Bike Share, Ill., $20 million I-95 HOT Lanes, Northern Va., $20 million State Route 91 Corridor Improvements, Calif., $20 million South Jersey Port Rail Improvements, N.J., $18.50 million LYNX Blue Line Capacity Expansion, N.C., $18 million Sellwood Bridge Replacement, Ore., $17.7 million Port of Long Beach Rail Realignment, Calif., $17 million Port of New Orleans Rail Yard Improvements, La., $16.7 million

CHICAGO — Traffic between Michigan and Canada may not be sufficient in the short term to justify construction of a new $3.5 billion trade bridge between the two countries, but that will likely change over the long term, Fitch Ratings said in a commentary released this week.

Despite a downgrade to Ba1 by Moody’s Investors Service, the Temple University Health System saw strong demand for $311 million of revenue and refunding bonds issued through the Philadelphia Hospitals and Higher Education Facilities Authority.