Industries

The Virginia Supreme Court issued a ruling Thursday that allows the Elizabeth River Tunnels project to move forward as a tolled facility.

San Francisco's triple-A rated Bay Area Transit System is planning to sell $240 million of bonds next week to finance earthquake safety improvements throughout its facilities.

The Dauphin County, Pa. commissioners voted to approve $170 million in revenue bonds related to the parking lease deal in Harrisburg, Pa.'s debt-recovery plan.

Traffic and toll revenues are ramping up on Maryland Transportation Authority’s $2.4 billion, 19-mile Intercounty Connector built to relieve congestion in the Washington area.

Non-profit hospitals in states that have opted not to expand their Medicaid programs under the new federal health care law will face financial problems and rating pressure next year, Fitch Ratings warned.

Massachusetts will come to market next week with a $651 million sale of accelerated bridge program bonds in two credits.

U.S. airports are rebounding from the recession to a more normal pattern with stabilized ratings, Fitch said in new report issued today (Oct. 30).

Standard & Poor’s dropped the New York State Thruway Authority general revenue bonds to A from A-plus Tuesday.

Trimont Real Estate Advisors will replace AEW Capital Management as asset manager for the proposed $260 million Harrisburg, Pa., parking deal.

The Colorado Department of Transportation is preparing to add a 12-mile tolled lane on Interstate 70 west of Denver to reduce peak travel times through the mountain corridor, officials said.

The retail order period began Tuesday for Connecticut's $600 million sale of Series 2013A special obligation tax bonds, with proceeds to fund transportation infrastructure projects.

Fitch downgraded the rating of Florida's Citrus Memorial Hospital to B-minus from B after the embattled hospital paid off some bank bonds early.

The Regional Transportation Authority of Illinois wants the state to expand its borrowing powers and reduce those of the Chicago Transit Authority, which disagrees.

Attorneys representing Victorville, Calif. and its officials argued in court that SEC fraud charges in connection with a 2008 bond offering should be dismissed.

A federal permit improperly allows the Alabama Department of Transportation to begin work on the $5.4 billion “Northern Beltline” project, according to a federal lawsuit.

Moody's downgraded the Chicago Transit Authority's sales tax rating, citing escalating capital needs and an unfavorable political landscape to raise revenue as the city and state grapple with pension woes.

Arkansas plans to issue $200 million of grant anticipation and revenue bonds this week to improve its interstate highways.

Moody's Investors Service downgraded Ontario International Airport's revenue bonds to Baa1 from A3 with a stable outlook affecting $67.1 million in outstanding bonds.

The airport in Gary, Ind. tapped a team that includes Guggenheim Securities and Loop Capital to advance a plan to privatize the Chicago-area facility.

With boardings down 37%, Colorado Springs Airport plans to cut costs through bond refundings and reduced hiring.