Transportation industry

The board of New York’s Metropolitan Transportation Authority on Wednesday authorized a bond offering to monetize a portion of the 99-year lease payments from Hudson Rail Yards commercial and residential development.

Five new members, including two appointed by New York Mayor Bill de Blasio, have joined the New York MTA board.

In a first-of-its-kind case, a federal judge hears arguments June 30 on motions to dismiss a challenge by two Florida counties of $1.75 billion in private activity bonds for the All Aboard Florida passenger train.

Sponsors of a $1 billion rail line in north Texas said more than $535 million of federal funding is on the way.

Much of the funding in Massachusetts’ new five-year, $14.8 billion capital plan goes to transit infrastructure upgrades.

San Diego’s Regional Transportation Agency faces opposition from environmental groups to a tax measure for November’s ballot that would raise $18 billion for the region’s transportation project

The Metropolitan Transportation Authority’s Finance Committee on Monday gave its approval to send a bond offering to the MTA board for a final vote on Wednesday.

Unlike its neighbors, Arkansas does not tap its general revenues for transportation projects.

Maryland’s Purple Line rail P3 gets official notification of an $875 million low-interest federal loan.

North Carolina Transportation Secretary Nick Tennyson said the $800 million cost to unwind the I-77 Mobility contract and finance the projects in-house are among his concerns about House Bill 954, which would terminate the P3.

Development of Philadelphia’s 30th Street Station and several follow-up projects planned in the immediate area will generate billions in new taxes to the city and state, Amtrak and its partners said.

Illinois capital projects, including the Department of Transportation construction program, face imminent shutdown without at least a stopgap budget in place, officials in the administration of Gov. Bruce Rauner said.

The Austin City Council's transportation committee wants voters to decide on $300 million mobility bond packages.

A bipartisan coalition of New Jersey lawmakers are pushing a $20 billion 10-year Transportation Trust Fund plan that faces skepticism from Gov. Chris Christie.

Virginia’s Commonwealth Transportation Board used objective criteria to develop a six-year, $14.4 billion transportation plan.

Former Bridgeport, Conn. Mayor Bill Finch has been tapped to lead the New York State Thruway Authority.

A Florida court has denied Indian River County’s quest to block a state-created conduit issuer from selling $1.75 billion of tax exempt bonds for All Aboard Florida’s planned private passenger rail project.

The San Francisco Bay Area Rapid Transit District Board of Directors has voted unanimously to place a $3.5 billion general obligation bond measure on the November ballot.

Kentucky, after plugging billions into its massively underfunded pensions this year, is hitting the brakes on transportation spending.

Road projects in Illinois are imperiled by lawmakers' failure to reach accord with Gov. Bruce Rauner on fiscal 2017 state budget.