Economy

DALLAS - The board overseeing the construction of a $1.1 billion Louisiana state hospital in New Orleans unanimously adopted a revised no-debt financial plan on Thursday.

Some of investment banking's marquee names are competing to run Puerto Rico's main airport under a privatization plan that's part of a Federal Aviation Administration pilot program.

BRADENTON, Fla. - North Carolina Gov. Beverly Perdue has announced a plan to accelerate "urban loop projects" in six cities using grant anticipation revenue vehicle bonds.

Fitch Ratings upgraded the underlying rating on $430 million of outstanding Pennsylvania Turnpike Commission registration fee revenue refunding bonds, Series 2005, to AA-minus from A-plus with a stable outlook.

Transportation Secretary Richard Davey warned that closing the Massachusetts Bay Transportation Authority’s budget deficit next year without fare hikes or service cuts would be “very difficult.”

The University of New England has received a $3.5 million state award from the Maine Center for Disease Control and Prevention to help open the first college of dental medicine in northern New England.

The Senate Environment and Public Works Committee on Thursday voted unanimously to extend federal highway aid for four months to Jan. 31 at current spending levels.

Moody’s Investors Service gave an A2 rating to $296 million of airport refunding bonds that Hawaii plans to sell this month. The savings from the deal is expected to exceed 6%.

The San Francisco Municipal Transportation Agency is already trying to tackle a $23 million annual budget deficit, according to local press reports.

WASHINGTON - Fitch Ratings says the United States is downshifting just as President Obama is expected to include transportation spending as a major part of the job creation program he will present to Congress Thursday night.

CHICAGO - The Ohio State University board this week will consider a proposal to privatize its parking system for an upfront payment from a private operator.

BRADENTON, Fla. - With a deal uniquely structured to meet investors' demands, a Florida conduit issuer has sold one of the largest tax-exempt bond financings to date for an airport fixed-base operator.

The Internal Revenue Service has completed an audit of $60 million of hospital revenue bonds issued in 2002 by Lakeland, Fla., finding no change to the bonds’ tax-exempt status.

Pennsylvania's beleaguered capital received some positive news when the Harrisburg Parking Authority agreed to help the struggling city make general obligation payments due next week with a loan package.

DALLAS - No revenue bond debt will be required to build a new $1 billion state teaching hospital in New Orleans under a revised business plan being considered Thursday by the University Medical Center Management Corp.

Moody’s Investors Service last Thursday downgraded the Hillsborough County Aviation Authority’s revenue bonds to A1 from Aa3. The move affects $692.4 million of outstanding debt. The outlook is stable. The HCAA oversees Tampa International Airport on Florida’s west-central coast.

Fitch Ratings last week downgraded to BB-plus from BBB its rating on $80 million of facilities revenue bonds issued for Mercy Medical Center, a 337-bed teaching hospital in Canton.

BRADENTON, Fla. - Santa Rosa Bay Bridge Authority bondholders, in limbo since a majority of authority board members resigned and having seen a payment default July 1, may see some relief soon.

San Antonio’s hopes to build a streetcar line that could lead to more rail projects suffered a setback after two leaders of an advisory commission resigned recently.

Gov. Mike Beebe has set Nov. 8 as the election date for a constitutional amendment that would continue Arkansas’ Garvee program.