Industries

It's greenfields over brownfields as the Pennsylvania Turnpike Commission last week announced that it would evaluate bringing in a private company to finance, build, and operate 50-miles of new toll roads south of Pittsburgh.

The Port Authority of New York and New Jersey last week released preliminary renderings for a proposed replacement for the Goethals Bridge, which connects New Jersey and Staten Island.

The Port Authority of New York and New Jersey has waived its fees and rental payments at Stewart International Airport for six months in a bid to retain air carriers.

Subsidies to the Metropolitan Transportation Authority from New York City and New York State have remained flat since 1990, according to a report released last week by the New York City Independent Budget Office.

Motorists and mass-transit riders could see higher bridge tolls and mass transit fares by mid-September if the Delaware River Port Authority of Pennsylvania and New Jersey approves the increases at its monthly board meeting on Wednesday.

WASHINGTON - The Maryland Department of Transportation will bring $280 million of consolidated transportation bonds to market on Wednesday. The competitive sale is the second of the department's 2008 series. Proceeds from the revenue-backed bonds will go toward an amalgam of capital projects.

SAN FRANCISCO - The Los Angeles County Metropolitan Transportation Authority's $40 billion sales tax measure moved closer to passage in the California Legislature late Wednesday.

They both receive a dedicated portion of Massachusetts' underperforming sales tax revenue, yet the Massachusetts Bay Transportation Authority anticipates selling roughly $300 million of new-money bonds in October while the Massachusetts School Building Authority will hold off on new borrowing until 2009.

A bill drafted to facilitate the creation of high-occupancy toll lanes on the State Route 91 freeway in Riverside County cleared the Assembly Monday on a 74-to-1 vote. The Senate has already approved the bill, but it will need to reconsider it because of technical amendments added in the Assembly.

CHICAGO - Credit quality is beginning to deteriorate across the not-for-profit health care sector as providers grapple with an array of financial pressures, said Standard & Poor's in a pair of reports on the sector released yesterday.

DALLAS - A $747 million bond proposal to rebuild Dallas' crowded Parkland Hospital will share the November ballot with candidates for state and federal office in what some expect to be a record turnout.

The New York State Department of Transportation has preliminarily selected a group led by Merrill Lynch & Co. to serve as financial adviser on the multibillion-dollar Tappan Zee Bridge corridor project, NYSDOT spokeswoman Jennifer Post said yesterday.

The $300 million of Gulf Opportunity Zone bonds allocated for a rail car manufacturing plant in Colbert County, Ala., would be in jeopardy under a bill that has been introduced in the House that would effectively block any tax-exempt financing for the project.

WASHINGTON - Moody's Investors Service changed its outlook to negative for U.S. airports in a report issued today, one of two new rating agency reports on the sector's credit.

CHICAGO - The Illinois Finance Authority advanced borrowing plans totaling about $700 million for a handful of schools, cultural institutions, hospitals, and a pioneering proton therapy center in West Chicago to treat cancer.

SAN FRANCISCO - As he had threatened, the federal receiver charged with bringing California's prison health care system up to constitutional muster yesterday sought a court order demanding $8 billion from the state government to build health care facilities.

The Orange County, Fla., Health Facilities Authority has disclosed that the Internal Revenue Service has closed an arbitrage rebate-related examination of $109.6 million of hospital revenue bonds it issued in 2002 without changing their tax-exempt status.

DALLAS - Supporters of a $42 billion transportation plan said yesterday they plan to sue Arizona Secretary of State Jan Brewer for invalidating the petition to place the proposal on the November ballot.

SAN FRANCISCO - The Los Angeles County Board of Supervisors yesterday placed the Los Angeles County Metropolitan Transportation Authority's $40 billion sales tax measure on the November ballot.

Rapid City-based Regional Health is set to enter the market Thursday with $67.5 million of variable-rate demand bonds, most of which will be used to refund insured variable-rate debt originally sold in 2003.