Economy

DALLAS — Dallas-Fort Worth International Airport will launch a seven-year project to remodel its four original ­terminals next month. But despite the $2.3 billion cost, officials do not expect 2011 to be a year of heavy bond issuance for new money.

SAN FRANCISCO — California’s Sutter Health will sell $900 million of tax-exempt revenue bonds this month in the health care provider’s first trip to market in two years.

WASHINGTON — Virginia Gov. Robert McDonnell touted his $4 billion transportation spending plan ­Wednesday during a state of the commonwealth speech in which the Republican reaffirmed his intention to privatize state liquor stores and proposed a state employee contribution plan to ­reduce the retirement pension ­liability.

CHICAGO — Fitch Ratings on Wednesday lowered its rating on O’Hare International Airport’s upcoming $1.1 billion issue of passenger facility charge bonds by two notches due to the airport’s increased leverage as Chicago seeks to fund remaining projects under an $8 billion expansion without airline support.

Democrats aim to scale back scheduled toll increases on the New Jersey Turnpike after Gov. Chris Christie terminated a Hudson River commuter-rail tunnel they were meant to help finance.

BRADENTON, Fla. — The Santa Rosa Bay Bridge Authority in the Florida Panhandle made its January debt-service payment, but its July payment is in doubt and most board members overseeing the credit have now resigned.

CHICAGO — Toledo, Ohio-based Promedica Health System will begin pricing $270 million of refunding and new-money revenue bonds Thursday.

DALLAS — Denver’s Regional Transportation District is considering asking voters for a 0.4% sales tax increase this year or next to complete the $6.7 billion FasTracks project currently under construction.

The U.S. House of Representatives voted last week on a rule change that could affect the state’s plan to issue $1.1 billion of grant anticipation vehicle revenue bonds. The provision could allow lawmakers to divert transportation funds to other spending projects.

Collier County commissioners decided Tuesday to withdraw a petition seeking the validation of up to $130 million of revenue bonds to lure a genetics research institute to the southwest Florida area, according to the Naples News.

CHICAGO — Using a structure that bypasses airline approval, Chicago will enter the market early next month with a long-planned sale of $1.1 billion of debt for O’Hare International Airport.

DALLAS — Arkansas House Speaker Robert Moore opened the 86th General Assembly by asking lawmakers Monday to adequately fund a proposed road plan that could involve more than $2 billion of bonds.

A city-county council committee is set to hear public testimony Wednesday on Indianapolis Mayor Greg Ballard’s plan to issue $98 million of bonds for a mixed-use development, which includes a new corporate campus for Eli Lilly and Co.

New Jersey now has until Jan. 18 to repay $271 million to the Federal Transit Administration for a canceled commuter-rail tunnel. The previous deadline was Monday.

The new speaker of the Arkansas House said last week that lawmakers should find some way to fund needed improvements to the state’s highway system without taking the issue to voters.

CHICAGO — The U.S. Federal Trade Commission last week filed a pair of complaints against Promedica Health System Inc., a leading health care system in northwest Ohio, charging that its acquisition of a rival hospital is anticompetitive and would allow the Toledo-based system to unfairly raise prices for services.

WASHINGTON — The District of Columbia’s chief financial officer warned the city’s new leaders against writing a fiscal 2012 budget that draws on the general fund balance to pay for operations, saying that balancing the budget in this manner for the fifth straight year could threaten the district’s credit rating and reputation with bond ­investors.

The Massachusetts Bay Transportation Authority is considering leveraging future parking revenues through a proposed nonprofit entity to generate up to $325 million and help pay down outstanding debt.

ALAMEDA, Calif. — Southern California’s LA/Ontario International Airport could soon be under new management.

BRADENTON, Fla. — A $500 million cost-cutting proposal for the $4.1 billion Louisville-Southern Indiana Ohio River Bridges Project could result in a review of federal approvals for the mega-project, a Kentucky transportation spokesman said.