Transportation industry

A group of Northeastern U.S. senators last week urged Department of Transportation Secretary Ray LaHood to direct $2.4 billion of federal high-speed rail funds to the Northeast Corridor line after Florida Gov. Rick Scott rejected them.

WASHINGTON — Fitch Ratings warned on Wednesday that grant anticipation revenue vehicle bonds, known as Garvees, face heightened uncertainty as Congress struggles to reauthorize transportation spending.

DALLAS — Colorado’s Regional Transportation District is putting off a decision on whether to ask voters for a sales tax increase to complete the $6.7 billion FasTracks rail plan by 2017.

DALLAS — Texas transportation planning has shifted to the slow lane as state legislators seek record spending cuts and prepare to rewrite the law governing the Texas Transportation Commission.

BRADENTON, Fla. — Florida Gov. Rick Scott Friday rejected, once and for all, $2.4 billion of federal funds for a high-speed rail project as the state Supreme Court unanimously refused to overturn his decision.

CHICAGO — A hearing set for next week on Chicago’s request that a Cook County Circuit Court judge dismiss an airline lawsuit that seeks to block $3.36 billion of expansion projects at O’Hare International Airport was pushed back a week as settlement negotiations continue.

Pennsylvania Gov. Tom Corbett last week appointed six new commissioners to the board of the Delaware River Port Authority.

In the 1930s, motorists paid 50 cents to drive through the Holland Tunnel, and a night at the Hotel Chesterfield in Jersey City cost $2.50.

BRADENTON, Fla. — In an effort to convince Gov. Rick Scott that Florida’s high-speed rail project is viable and as risk-free to taxpayers as possible, mayors and prominent business groups said Thursday that a proposal is on the table that answers Scott’s concerns.

WASHINGTON — Sen. Ron Wyden, D-Ore., wants to write a second chapter for the popular Build America Bond program, by reviving the federally subsidized taxable bonds to specifically fund transportation projects.

BRADENTON, Fla. — Gov. Rick Scott told the Florida Supreme Court in a brief Wednesday that the decision to reject federal funds for high-speed rail rests with him and a petition to overturn his decision has come from “state senators whose policy preferences have not prevailed in the political process.”

DALLAS — Colorado’s Regional Transportation District should shelve plans to for a tax-hike referendum this year or risk rejection of additional funds to complete the FasTracks rail projects by 2017, according to an advisory group.

Transportation Secretary Ray LaHood said Wednesday that he is open to interstate tolling, which could provide funds for the Obama administration’s ambitious agenda, as an alternative to raising the federal gas tax, the current source of revenues for most transportation projects.

Virginia Gov. Robert McDonnell unveiled an analysis Tuesday showing the potential employment and economic growth offered by his $4 billion transportation spending plan.

Standard & Poor’s Tuesday raised its long-term rating to AA-plus from AA on the Columbus Airport Commission’s lease revenue bonds. The outlook is stable.

BRADENTON, Fla. — Two Florida senators, a Republican and a Democrat, filed a 281-page petition Tuesday with the state Supreme Court seeking an emergency ruling to block Gov. Rick Scott from rejecting $2.4 billion of federal funds for high-speed rail.

Court hearings on a lawsuit challenging Chicago’s authority to proceed with $3.36 billion worth of expansion projects at O’Hare International Airport without airline approval have been pushed back due to ongoing settlement negotiations.

WASHINGTON — States officials are eyeing $2.4 billion of federal high-speed rail money that was allocated for Florida, but is now up for grabs after Gov. Rick Scott effectively ended the state’s project by rejecting the funding earlier this month.

Austin Mayor Lee Leffingwell said last week that voters will be asked in November 2012 to decide on a bond package that would fund an urban rail system, roads, bike paths, parks, and libraries.

DALLAS — A new section of the 180-mile, $6 billion toll road that loops around the outer Houston metro area known as the Grand Parkway could break ground this fall after winning approval from the Texas Transportation Commission.