Transportation industry

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.

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.

New York MTA's $200 million in catastrophe bonds to cover storm surge risk are one example of Hurricane Sandy's effect on public finance.

New head of state highway officials group seeks national economic stability through sustainable federal transportation funding.

After a four-day strike, union workers and San Francisco Bay Area Transit management have reached a tentative agreement on labor contracts.

Rhode Island's new municipal road and bridge revolving fund generated applications from 13 municipalities requesting $29 million, Treasurer Gina Raimondo announced.

Chicago last week officially unveiled its newest $1.3 billion runway under its ongoing $8 billion O'Hare Modernization Program.

Indiana Monday issued a request for qualifications for firms interested in building a new toll collection system for the Louisville-Southern Indiana Ohio River Bridges Project.

The San Francisco Bay Area Rapid Transit District strike is a credit negative for the transit system, according to Moody's Investors Service.

After nearly two years of analysis, Indiana University has dropped its effort to privatize its parking system.