Economy

Moody’s Investors Service last week revised its outlook on $2.74 billion of Aa3-rated University of Pittsburgh Medical Center debt to positive from stable.

The board of the California High-Speed Rail Authority voted unanimously Wednesday to apply for all the fast-rail funding recently returned to the federal government by Florida.

WASHINGTON — Sen. Ron Wyden’s plans for transportation financing legislation are now focused on tax-credit bonds instead of a scaled-down version of Build America Bonds.

Several Southeast transportation managers hope to score big savings this spring for their projects as they compete against each other and other projects nationally for a handful of low-interest federal loans.

DALLAS — Texas would need $315 billion in additional revenue to keep up with growing demand for roads and maintenance of existing infrastructure through 2030, but sources of revenue are drying up rapidly, according to the latest reports.

The Virginia Port Authority has released a request for proposals seeking firms interested in becoming managing and co-managing underwriters for deals.

The Louisville and Southern Indiana Bridges Authority’s finance and construction committee was scheduled to meet this week to review the results of a two-day industry forum held in February that drew many international firms involved in public-private partnerships, as well as top investment banks.

Mobile is scrambling to find a replacement cruise liner because Carnival Cruise Lines has announced it will move its 2,052-passenger ship the Elation to New Orleans in October.

After days of debate, Nebraska lawmakers last Saturday approved a bill that will divert a slice of the state’s sales tax to finance road projects.

Moody’s Investors Service last week affirmed Jefferson Regional Medical Center’s Baa2 underlying rating but revised its outlook to positive from stable due to its continued strong operating profitability, improved liquidity, and favorable debt coverage measures.

The Illinois Health Services and Facilities Review Board last week advanced Central DuPage Health and Delnor Health System’s merger plans by approving an ownership change.

Illinois Gov. Pat Quinn and U.S. Sen. Dick Durbin last week announced a $685 million agreement that advances plans for a high-speed rail network between Chicago and St. Louis.

The Cook County Board of Commissioners tapped a new interim chief for the health and hospital system after the unexpected resignation of two-year chief financial officer William Foley last week.

WASHINGTON — A federal bankruptcy judge has approved the restructuring and reorganization of the debt of the Connector 2000 Association, a beleaguered toll road operator in Greenville, S.C.

SAN FRANCISCO — Los Angeles Mayor Antonio Villaraigosa has reached a tentative deal with a coalition of unions that could help curb the city’s ballooning pension and retiree health care benefit costs.

Travis County may establish a tax increment financing district to build roads and other public infrastructure serving the 3.4-mile Formula One Grand Prix racetrack being built outside Austin.

The Arkansas Senate approved a ­measure last week that would allow the governor to put a 5-cent per gallon ­increase in state gasoline taxes on a statewide ­ballot.

DALLAS — The North Central Texas Council of Governments is considering funding for a proposed $1.4 billion commuter rail line from southwest Fort Worth to the north Dallas suburb of Plano.

BRADENTON, Fla. — Florida lawmakers are moving forward to consolidate three toll-road authorities in a revised plan that now excludes the financially ailing Santa Rosa Bay Bridge Authority, which appears headed for a bond payment default this year.

WASHINGTON — A South Carolina bankruptcy judge held a hearing Friday to consider the restructuring plan for the Connector 2000 Association Inc., the bankrupt South Carolina toll road operator, setting up the issuer’s exit from bankruptcy after years of uncertainty for bondholders.