Train service between Santa Cruz, California, and Pajaro could cost up to $4.3 billion to build, according to an executive summary of an upcoming report from the Santa Cruz County Regional Transportation Commission (RTC). Potential benefits of creating a rail line with nine stations between the two cities include providing a better connection point to […]
The New Jersey Turnpike Authority (NJTA) will hold a public hearing regarding a $6.2 billion replacement project for the New Jersey Turnpike Newark Bay Bridge. Following the project’s approval, the hearing, scheduled for June 18, will be the last remaining opportunity for public input. The plan is part of a larger $10.6 billion project to […]
Montclair State University in New Jersey is selling $66.1 million in general obligation bonds (Series 2025 A) to fund various capital renewal and replacement projects across campus. The funds will also refund part or all of the university’s 2015 D revenue bonds. The bond sale opened June 12, at approximately $100.95 with a yield-to-worst of […]
The Massachusetts Clean Water Trust Board of Trustees approved over $33 million in new low-interest loans and grants at its meeting on June 11. The funds will support projects addressing water infrastructure across the state. The trust, established in 1989, has delivered nearly $9.1 billion to water projects and programs since its creation, estimating that […]
Recently released data shows that travel and tourism contributed approximately $2.6 trillion to the U.S. economy last year. It also created millions of jobs. While that fact may not be surprising, it is less known that tourism also accounts for billions annually in tax revenue and accounts for almost 7% of all government income. Those […]
The U.S. Economic Development Administration (EDA) is making $1.45 billion available in disaster aid as part of its fiscal year 2025 (FY25) Disaster Supplemental Grant Program. The funds are designed to aid communities affected by natural disasters in 2023 and 2024, and can be used for either construction or non-construction projects. Created in 1965, the […]
As part of Florida’s Moving Interstate 4 Forward initiative, the state has authorized $1.7 billion to accelerate the expansion of the Interstate 4 corridor. The funding will expedite three road projects slated for construction in 2026, utilizing an innovative Modified Phased Design-Build (MPDB) method to streamline the preliminary development process. The project is designed to […]