Transportation industry

BRADENTON, Fla. - The trustee for the Santa Rosa Bay Bridge Authority's $115.9 million of defaulted bonds is providing financial support to entice volunteers to serve on the authority's board, according to the Florida state representative who negotiated the deal.

BRADENTON, Fla. - The Georgia Department of Transportation Monday issued a request for proposals for the state's first public-private partnership concession.

CHICAGO - A new independent study on a controversial plan to build a publicly funded bridge in Michigan says proposed bond covenants would protect state taxpayers if toll revenues fall short of expectations, but that interest rate costs could push the price tag past $4 billion.

Members of the Michigan Legislature’s Senate Economic Development Committee said they would extend a series of hearings on whether to advance a plan to build a $3.8 billion, publicly funded bridge spanning the busy trade route between Detroit and Canada.

Detroit Mayor Dave Bing is expected to hand over management of a high-profile, $528 million light-rail project to the Detroit Economic Growth Corp.

WASHINGTON - Virginia has received conditional approval to put tolls on Interstate 95 under the federal government's Interstate Reconstruction and Rehabilitation Pilot Program.

BRADENTON, Fla. - The Louisville and Southern Indiana Bridges Authority is asking construction industry professionals and others to help it build the Ohio River Bridges Project faster and less expensively.

DALLAS - Denver International Airport plans to take advantage of historically low interest rates with $425.9 million of refunding bonds as it pursues a major expansion.

President Obama has signed the bill extending Federal Aviation Administration and highway funding.

A member of Puerto Rico's House of Representatives is asking the commonwealth's comptroller’s office to review a $2.4 million contract between the Puerto Rico Public Private Partnerships Authority and law firm Mayer Brown LLP, saying a conflict of interest exists regarding the proposed privatization of Luis Muñoz Marín International Airport.

Gov. Dannel Malloy has appointed four people to the nascent Connecticut Airport Authority and named Mary Ellen Jones of Glastonbury as the board’s chairwoman.

LOS ANGELES - A confirmation hearing on the Las Vegas Monorail's plans to exit bankruptcy that had been slated this week was postponed after bondholders, the insurer, and the issuer all balked.

Federal investigators are auditing a billion dollar expansion project at the Port of Anchorage amid huge cost overruns, published reports say.

WASHINGTON - Transportation industry and government groups have not found a lot to like in President Obama's American Jobs Act, and they are particularly unhappy about the proposed infrastructure bank.

Fairfield, Conn., is targeting an Oct. 31 opening for its third Metro-North Railroad train station after the town passed a $7.5 million bond authorization to cover the costs of the long-delayed Fairfield Metro project marked by cost overruns.

Georgia Gov. Nathan Deal last week signed an executive order creating the Transit Governance Task Force.

BRADENTON, Fla. - The Orlando-Orange County Expressway Authority said in a notice that Florida has refused to pay its monthly bill under a lease-purchase agreement for facilities built with toll-backed debt.

DALLAS - The Arizona Transportation Board has switched lanes to adjust to market conditions, planning to substitute a senior-lien excise tax revenue bond issue for a subordinate-lien highway revenue bond sale that had been expected this week.

Highway and airport construction projects should escape shutdowns now that House and Senate leaders have agreed to extend airport construction funding through January and highway funding through March.

Businesses and organizations associated with the chairman of the Arkansas Highway Commission are the major contributors in support of a statewide election in November to reauthorize $525 million of grant anticipation revenue vehicle bonds.