Industries

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.

Gov. Chris Christie proposes allocating $140 million of funds in fiscal 2012 to support $1.18 billion of New Jersey Transportation Trust Fund Authority borrowing.

BRADENTON, Fla. — Delta Air Lines Inc.’s 25% service reduction at Memphis International Airport could be a harbinger of future cutbacks at the Tennessee hub and other airports as carriers respond to sharply increasing fuel prices, according to rating agency analysts.

WASHINGTON — The Internal Revenue Service is auditing $38.77 million of defaulted special assessment bonds that were sold in 2005 by the Aberdeen Community Development District in Florida to finance infrastructure for a residential community.

San Francisco voters will get another chance to weigh in on reforming the city’s pension and retiree medical benefit costs.

CHICAGO — Chicago plans to sell $1 billion of O’Hare International Airport third-lien general airport revenue bonds next month.

BRADENTON, Fla. — A Florida Senate transportation committee is entertaining a proposal to merge four expressway and bridge authorities with outstanding debt into Florida’s Turnpike Enterprise.

CHICAGO — With his proposal to borrow $8.75 billion to pay down bills floundering, Illinois Gov. Pat Quinn is pressing lawmakers to authorize $1.75 billion to $2 billion of short-term bonding to pay off Medicaid-related bills before federal reimbursement rates drop in July.

CHICAGO — Ohio senators Wednesday unanimously passed a $7 billion, two-year transportation budget that allows the state to impose tolls to finance projects and enter into public-private partnerships to build and maintain new infrastructure.

DALLAS — Amid a $500 million remodeling project, Dallas Love Field Airport won a two notch upgrade from Standard & Poor’s Wednesday, rising to A with a stable outlook from BBB-plus.

The Kentucky Legislature is in overtime trying to come up with an agreement to plug a $176 million deficit in the state’s Medicaid program this year.

U.S. Sen. Bill Nelson, D-Fla., said Friday that there is little hope that Florida can come up with a plan to regain $2.4 billion in federal funds for a high-speed rail line between Tampa and Orlando.

DALLAS — In what will likely be the largest deal in Texas so far this year, the North Texas Tollway Authority is preparing to issue $1.3 billion for the western extension of its President George Bush Turnpike.

CHICAGO — The bankrupt Fairview Obligated Group, operator of several Chicago-area continuing care retirement communities, will hold an auction next month on its Rockford campus as investors who hold $57 million of mostly tax-exempt debt await word on how much they stand to recoup.