Transportation industry

New York's Metropolitan Transportation Authority will hold a $1 billion refunding bond sale as budget uncertainty, a court appeal and fare increases hover.

Michigan State Sen. Mike Kowell plans to introduce bills to create a new statewide port authority that could issue bonds for economic development projects and expand powers of the Detroit Wayne County Port Authority.

Starved for capital funding, the Regional Transportation Authority of Illinois unveiled a $2.5 billion borrowing proposal Friday that relies on projected growth in existing revenue streams and maintenance savings to repay.

The chairman of New York's Metropolitan Transportation Authority warned about reducing or even eliminating unlimited fare and other MetroCard discounts.

Standard & Poor's affirmed Connecticut general airport revenue bonds for Bradley International Airport at A-minus, and assigned that rating to a new deal.

After an overhaul of its parking authority, the Scranton, Pa., City Council voted unanimously to cover an authority bond payment due Saturday.

An adverse ruling from the Hawaii Supreme Court regarding archaeological surveys for native Hawaiian burial sites has halted construction on Honolulu's $5.16 billion elevated rail project.

Chicago's proposed new use agreement with Midway International Airport's airlines calls for more than $1 billion in capital and maintenance spending over its 15-year term as the city continues to weigh whether to privatize operations.

Broward County, Fla., launches a $2 billion capital improvement program for Fort Lauderdale-Hollywood International Airport Wednesday with the sale of $636 million of bonds.

Fitch Ratings announced Wednesday that uncertainties in federal transportation funding led to downgrades of GARVEES. The agency also warned against further weakening possible along the current trajectory.

Dallas-Fort Worth International Airport continues its record refunding year next week with a $269 million issue that coincides with a terminal remodeling program and the bankruptcy of its major tenant.

A new report from Loop Capital Markets concludes that airports that rely heavily on cargo shipping have been less resilient during the recession and subsequent recovery than more passenger-oriented facilities.

Dallas/Fort Worth International Airport's board of directors approved a settlement ending its four-year royalty dispute with Chesapeake Energy Corp. over the price paid on natural gas extracted from airport property.

Airports Council International-North America released a manifesto Monday, calling for the U.S. government to eliminate the alternative minimum tax on private activity bonds and provide airports with reliable funding mechanisms.

Arkansas will begin work soon on highway projects financed with proceeds from Tuesday's competitive sale of $225 million of Garvee bonds. It is the first tranche from a $575 million Garvee program authorized by voters in 2011.

Rep. Bill Shuster looks like the most likely candidate to follow in his father's footsteps as the next Chair of the House Committee on Transportation and Infrastructure, but several dark horse candidates are also in the mix, transportation lobbyists say.

Three groups have filed complaints stating that federal approval for the $2.6 billion Ohio River Bridges Project should be thrown out because laws were violated.

After plunging during the financial crisis, the issuance of municipal bonds subject to the alternative minimum tax is slowly rebounding, with airports leading the way.

The Regional Transportation Authority of Illinois has hired former Chicago revenue director Bea Reyna-Hickey as its CFO, filling the position left vacant by Grace Galluci's departure to run the Northeast Ohio Areawide Coordinating Agency.

A public-private partnership to develop a $400 million light rail line in San Juan, P.R. might utilize parking revenue, fares, and other sources to finance the project, according to city officials.