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DALLAS - The Louisiana State Bond Commission will consider increasing a pending $485 million road bond issue by $200 million to pay a hefty but fluctuating swap termination fee when it meets Thursday morning.
February 17 -
CHICAGO - Chicago Friday banked $1.15 billion when it closed on a 75-year lease of its parking meter system - the latest in a series of private concession deals involving city assets undertaken over the last four years.
February 17 -
BRADENTON, Fla. - The Georgia State Road and Tollway Authority today begins a two-day pricing of $600 million of federal highway grant anticipation and reimbursement revenue vehicle bonds.
February 17
- Texas
Work on San Antonio International Airport’s $525 million expansion program will slow down due to fewer passengers than expected at the facility.
February 17 -
Gov. Butch Otter says some higher taxes will be needed to fund improvements to Idaho’s highway system.
February 13 -
BRADENTON, Fla. - Municipal bond issuance in the Southeast last year took the largest tumble of any region in the country. Volume fell in all four quarters of 2008 as the credit crunch worsened and - as one financial adviser put it - the rules kept changing.
February 12
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SAN FRANCISCO - San Diego Mayor Jerry Sanders and officials from across San Diego County late Monday announced a $4 billion plan to renovate Lindbergh Field, the city's main commercial airport.
February 11 -
CHICAGO - A flood of refundings by Midwestern issuers looking to shed auction-rate securities and variable-rate bonds backed by downgraded insurers in the second quarter of 2008 couldn't compensate for a steep fourth-quarter drop-off in borrowing amid the economic and market turmoil of last fall.
February 11 -
The House Transportation and Infrastructure Committee begins consideration today of a multiyear Federal Aviation Administration bill that would authorize $16.2 billion for bond-related airport grants.
February 11 -
WASHINGTON - The Senate yesterday voted 61 to 37 to approve its $838 billion economic stimulus legislation, setting the stage for House and Senate conferees to begin to resolve the differences between their two bills, including six differing bond-related provisions.
February 11
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Expecting to receive about $220 million in federal stimulus funds for infrastructure, the Utah Department of Transportation last week listed 44 projects that should be ready to start within three months.
February 10 -
WASHINGTON - The Senate late yesterday voted 61 to 36 to approve a procedural motion to limit debate on a $829 billion compromise economic stimulus bill that would revise two key muni bond provisions.
February 10 -
Colorado lawmakers are splitting along party lines on support for a road-building initiative called Funding Advancement for Surface Development and Economic Recovery — also known as “Faster.”
February 10 -
NEW YORK - Rumors continue to circulate in Massachusetts regarding a potential gas-tax increase while the Massachusetts Turnpike Authority heads toward a possible toll hike vote to help it meet its financing needs.
February 10 -
A real estate deal that the Metropolitan Transportation Authority expected to bring in $700 million for capital spending is on hold, the New York agency announced last week.
February 9 -
Massachusetts Senate leaders yesterday moved forward with their plan to combine the state's surface transportation operations, including roads, bridges, and mass transit systems, under one entity called the Massachusetts Surface Transportation Authority, or MassTrans.
February 6
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DALLAS - Louisiana will have to tap into its transportation trust fund for the next 35 years to support debt service on bonds financing the state's $5.2 billion, 20-year-old highway improvement program.
February 6 -
CHICAGO - Ohio would launch a new bond program backed by toll revenues under a proposal proposed by Gov. Ted Strickland.
February 6 -
SAN FRANCISCO - Falling traffic and revenue prompted Fitch Ratings this week to cut its outlook on Foothill/Eastern Transportation Corridor Agency toll revenue bonds to negative from stable, while affirming the underlying BBB rating for $2.2 billion of debt backed by the 36-mile toll road network in Orange County, Calif.
February 5 -
The Port Authority of New York and New Jersey is considering using public-private partnerships to replace bridges that connect Staten Island to New Jersey, executive director Christopher Ward said yesterday.
February 4
