Economy

The New York City Transitional Finance Authority sold $758 million of future tax-secured, fixed-rate subordinate bonds last week by negotiated sale.

Connecticut Gov. Dannel Malloy announced the award of $5 million to 11 cities, towns, and regional planning organizations for transit-oriented development aimed at improving links between communities and their transportation infrastructure.

BRADENTON, Fla. - After nearly 10 months of inaction, investors of the defaulted bonds issued by North Florida's Santa Rosa Bay Bridge Authority may see restructuring negotiations get under way now that a governing board is in place.

DALLAS - Phil Wilson, a former aide to Gov. Rick Perry recently named executive director of the Texas Department of Transportation, should be paid twice as much as his predecessor, according to the new chairman of the board that oversees TxDOT.

Anchorage will drop its lawsuit against the Knik Arm Bridge and Toll Authority, which is proposing a controversial public-private toll bridge project, according to published reports.

DALLAS - Standard & Poor's on Wednesday lowered its rating on the Arizona Transportation Board's subordinate-lien highway revenue bonds to AA-plus from AAA with a negative outlook.

WASHINGTON - The chairman of the House Transportation and Infrastructure Committee warned Wednesday that "a national infrastructure bank as proposed" in President Obama's jobs bill "is dead on arrival in the House of Representatives."

BRADENTON, Fla. - The Santa Rosa County Commission is poised on Thursday to restore a quorum to the junk-rated Santa Rosa Bay Bridge Authority by appointing three new members. The Florida agency's board hasn't met since 2010 and it defaulted on a bond payment in July.

Moody’s Investors Service Monday upgraded to Aa3 from A1 the revenue bond rating for the Charlotte Douglas International Airport.

An 18-story hotel in New Orleans that never reopened after Hurricane Katrina in 2005 will be imploded next month to make way for Louisiana State University’s new academic hospital.

CHICAGO - The U.S. Department of Transportation revoked a $1.5 million grant to Ohio after a group of Democratic congressmen from the state said Gov. John Kasich was wrongly using the money to hire a firm to advise the state on privatizing the Ohio Turnpike.

CHICAGO - The Illinois Finance Authority board Tuesday advanced borrowing plans for several retirement communities and authorized up to $480 million in bonds for the University of Chicago to refund debt and fund projects, including a new research center for its molecular engineering program and astronomy and astrophysics work.

WASHINGTON - President Obama's jobs council has made transportation investment one of five priorities for accelerating job growth and improving the country's long-term competitiveness.

The Kansas City Council last week asked a Jackson County Circuit Court judge to support its bid to block Clay Chastain’s $2.5 billion light-rail ballot initiative.

The Chicago Transit Authority Monday plans to cut 200 management positions to generate $22 million in annual savings as it tries to chip away at a $277 million shortfall in its next budget.

The North Texas Tollway Authority last week approved the sale of bonds for Chisholm Trail Parkway in Fort Worth under the agency’s special projects system.

BRADENTON, Fla. - Republicans are redoubling their efforts to consolidate Florida's local and state toll-road agencies. But the targeted agencies are pushing back.

SAN FRANCISCO - Washington State will sell $1.29 billion of general obligation bonds next week, its largest deal ever, partly to finance a new floating bridge.

Standard & Poor’s has downgraded the Cascade Medical Center in Chelan County to BBB-minus from BBB.

The California Health Facilities Financing Authority granted the Downey Regional Medical-Center Hospital permission at its Sept. 29 board meeting to proceed with negotiations to sell its outstanding bonds to a private purchaser to enable it to exit bankruptcy in mid-November.