Public-private partnership

U.S. District Judge Laura Taylor Swain ordered the Oversight Board propose a new plan of adjustment by July 14.

"It's a quiet revolution," said Reason Foundation's Robert Poole.

The settlement will allow Austin-Bergstrom International Airport to demolish the privately operated South Terminal as part of a midfield concourse project.

Bolstered by key political support, states across the southeast are building toll roads through public-private partnerships to manage congestion.

The acrimonious relationship between the university and its private partner has spilled into the courts and underscores that P3 deals don't remove all risks.

One of the largest P3s in the university energy space has landed in court three years into a 50-year contract.

The $3.3 billion Transportation Modernization act allows for P3s for roadway development, a first for the state.

It's the firm's third office in Alabama and part of an investment capitalizing on growth of some high-tech industries in the state, the firm's chair Christopher Maddux said.

Massive transit projects have funding momentum, and traditional road and bridge projects are advancing as well despite political opposition and some shaky funding.