Toll Tug-of-War in South Carolina
- N.C. DOT Closing on Garvees. Sigo, Shelly // Bond Buyer;12/22/2011, Vol. 378 Issue 33637, p1
The article reports on the decision of the North Carolina Department of Transportation to close a 145.5 million dollars deal with the use of grant anticipation revenue vehicle (Garvee) bonds in 2011. Proceeds of the Garvee bond are part of funding the 19.7-mile Monroe Connector, which is the...
- Maryland's $1 Billion Garvee Plan May Not Be Viable, Report Warns. Sanchez, Humberto // Bond Buyer;2/14/2005, Vol. 351 Issue 32070, p5
Discusses a report by the analysis arm of the General Assembly about the viability of a draft plan to finance a portion of the cost of Maryland's Intercounty Connector (ICC) toll road with Garvee bonds. Overview of the ICC's draft funding plan; Legislation introduced to increase the Garvee...
- PAB Ban Proposed for Certain P3s. Glazier, Kyle // Bond Buyer;3/14/2012, Vol. 379 Issue 33679, p4
The article reports on the support of the U.S. Senate for the proposed ban of the usage of private-activity bond financing on toll roads in 2012.
- Orange County Authority Plans Toll Refinancing in Wake of Ambac Woes. Saskal, Rich // Bond Buyer;6/26/2008, Vol. 364 Issue 32907, p28
The article reports that the Orange County Transportation Authority in California will push through with its plans to refinance toll revenue bonds it issued in 2003 to acquire toll lanes on the State Route 91 freeway from private owners. Included in the original bond issue were $95.3 million...
- Officials: New Jersey Turnpike Toll Increase May Divert Traffic. Kaske, Michelle // Bond Buyer;1/11/2008, Vol. 363 Issue 32793, p3
The article reports on the proposal of New Jersey Governor Jon Corzine to raise New Jersey Turnpike tolls by 50 percent count spark traffic diversion of roughly 10 percent. It is stated that the governor proposes increasing tolls to fund a potential $32.6 billion to $37.6 billion bond...
- TxDOT Plans $1.6 Billion Toll Bond Refunding. Williamson, Richard // Bondbuyer.com;12/1/2014, p1
The Texas Transportation Commission plans to start 2015 with a $1.6 billion refunding of most of the debt issued for the Central Texas Turnpike System.
- Fitch Puts MassPike's $2.24B of Highway System Debt on Negative Watch. Kaske, Michelle // Bond Buyer;9/10/2008, Vol. 365 Issue 32958, p3
The article reports on the negative rating of the Massachusetts Turnpike Authority's $2.24 billion of Metropolitan Highway System (MHS) debt. This rating could be attributed to the increasing operating costs and a predicted decrease in debt service coverage. Fitch Ratings affirm that its 162...
- TxDOT Asks U.S. DOT For $1.62B. Sanchez, Humberto // Bond Buyer;8/17/2006, Vol. 357 Issue 32447, p1
The article reports on the request made by the Texas Department of Transportation for an allocation from the U.S. Department of Transportation to issue a multimillion-dollar in tax-exempt private-activity bonds under a demonstration program that finances a toll road to be built by one of four...
- Virginia's first public-private project readies toll road deal. Meisler, Daniel // Bond Buyer;06/05/98, Vol. 324 Issue 30408, p4
Reports that the Pocahontas Parkway Association will issue $348 million in tax-exempt revenue bonds for a toll highway south of Richmond, Virginia. Provision of Virginia's Public-Private Transportation Act of 1995; Maintenance and operation of the highway.