The replacement of the Francis Scott Key Bridge in Baltimore is facing a significant hurdle due to a shortage of Federal Highway Administration emergency relief funds. Senate Environmental Committee ranking Member Shelley Moore Capito highlighted the pressing issue by pointing out that the ER program lacks the necessary funding for all eligible projects. The current
funding
Athletic Brewing Company has recently announced a significant milestone by raising an additional $50 million in equity financing led by General Atlantic. The company’s CEO and founder, Bill Shufelt, expressed his optimism regarding General Atlantic’s continued investment beyond the initial amount. This influx of capital will be used to enhance production capacity and broaden the
Denver is facing a crucial shortage of affordable housing, with both long-time residents and newcomers struggling to find suitable living arrangements. The proposal put forward by Mayor Mike Johnston aims to address this pressing issue by implementing a 0.5% sales tax increase to generate around $100 million annually. This comes on the heels of a
Dora, the revolutionary unified search and action engine for the multichain world, recently announced the successful close of a $5.5 million early stage funding round. The funding round was co-led by Dragonfly Capital and Lemniscap, with participation from Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital, alongside notable angel investors such as Rushi Manche and
The Massachusetts Bay Transit Authority (MBTA) recently priced over $1 billion of senior sales tax bonds amid the ongoing challenges posed by the COVID-19 pandemic. Like many other transit agencies across the country, the MBTA is grappling with significant ridership and revenue losses in a world where remote work has become the norm. This article
The semiconductor industry is currently grappling with a tight labor market as the competition for talent intensifies. With funding from the CHIPS and Science Act being distributed to boost domestic production, the demand for workers in this sector is soaring. According to a study by the Semiconductor Industry Association, there is a projected shortfall of
The Illinois state comptroller recently reported a 55% year-over-year increase in the end-of-year general revenue fund cash balance, showcasing a significant improvement in the state’s financial management. This improvement is a stark departure from previous years when the state struggled with massive unpaid bill backlogs that exceeded $10 billion. The current balance of $1.7 billion
The Washington Metropolitan Area Transit Authority recently announced its plan to issue $625.4 million of second lien dedicated revenue bonds through a negotiated sale. The decision to issue these bonds is based on the expectation of a positive market response due to the tax-exempt status of the interest in D.C., Maryland, and Virginia. However, the
The municipal bond market showed signs of stability and slight improvement leading up to the Fourth of July holiday. This was influenced by a decrease in U.S. Treasury yields and a mixed performance in equities. The minutes of the Federal Open Market Committee meeting indicated that there was no rush to cut rates, as the
The California High-Speed Rail project achieved a significant milestone with the approval of final environmental clearance for the challenging segment between Palmdale and Burbank. This 38-mile section requires extensive tunneling through mountains, including portions within the Angeles National Forest and the San Gabriel Mountains National Monument. The estimated cost of the high-speed rail project has