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Revised plan for Kansas stadium authority clears legislature
2+ day, 1+ hour ago (489+ words) A Kansas bill to create a sports facilities authority that would own and oversee the construction, operation, and management of a $3 billion partly bond-financed stadium for the National Football League's Kansas City Chiefs is on its way to the governor....
Gaming out transportation funding
5+ day, 23+ hour ago (779+ words) Transportation sector leaders and the credit ratings agencies are tracking progress on the surface transportation reauthorization bill that will replace the Infrastructure Investment and Jobs Act and determine the flow of billions of dollars." "Outlooks for most of our infrastructure…...
MTA issues RFP to build housing on its real estate
1+ week, 58+ min ago (569+ words) The New York Metropolitan Transportation Authority has issued a request for proposals to build hundreds of apartments on one of its properties." The agency is seeking to develop a Brooklyn lot that was once an MTA cable shop. The RFP…...
Blatnik Bridge funding released amid finger-pointing
1+ week, 19+ hour ago (674+ words) The U.S. Department of Transportation released $1.05 billion that had been set aside by the Biden administration for the long-awaited Blatnik Bridge project." The Blatnik Bridge replacement project won the $1.05 billion federal grant in January 2024 from the USDOT's Nationally Significant Multimodal Freight…...
Many state highway programs don't make the Reason Foundation grade
1+ week, 22+ hour ago (783+ words) Southern states lead the nation in managing their road networks efficiently, while high costs and a lack of clear strategy plague many systems in the West and Northeast, a Reason Foundation analysis found. The libertarian think tank's 29th Annual Highway Report…...
Grading the states on their public-private partnership sectors
1+ mon, 1+ week ago (545+ words) California, Georgia, Florida and Colorado are among 10 states that earned top marks in a first-of-its-kind report card that ranks all 50 states, Puerto Rico, the U.S. Virgin Islands and Washington, D.C. on the strength and depth of their public-private partnership sectors. The U.S. P3 sector…...
Metropolitan Opera Association's rating sinks lower in junk territory
7+ mon, 4+ day ago (557+ words) The Metropolitan Opera Association once again has been downgraded by Moody's Ratings " this time to B3 " and its outlook was revised to negative from stable. As of July 30, 2024, total debt outstanding was $183 million, Moody's said. Moody's first lowered the New York…...
Supreme Court ruling backs bond-financed Utah railway for oil transport
10+ mon, 3+ day ago (610+ words) The U.S. Supreme Court on Thursday ruled in favor of a proposed bond-financed, crude oil-transporting Utah railway by reversing a 2023 appellate court decision that yanked federal approval for the project." The court's decision found the U.S. Court of Appeals for the Washington,…...
Moody's downgrades the Met and The New School
2+ week, 20+ hour ago (675+ words) Moody's Ratings downgraded two New York City cultural institutions in one day, as the arts industry feels the squeeze of declining revenues." Moody's downgraded the Metropolitan Opera Association to Caa1 from B3 and The New School to Baa1 from A3 Tuesday." The Metropolitan Opera's…...
Transportation funding wrestling with calendar and competition
2+ week, 1+ day ago (752+ words) The private sector is asking Congress pointed questions about the possibility of finalizing the surface transportation reauthorization bill a month before the mid-term elections, which could upend the balance of power on key committees." "There's a lot at stake in…...