States' borrowing ability may be limited and federal deficit reductions are expected to leave municipal market in limbo, report Kathy Bergen, Kristen Mack and Monique Garcia for Chicago Tribune.
Bonds with s federal funding component are likely to be affected, said Brian Battle, director at Performance Trust Capital Partners.
"Often those finance pollution control, housing or transportation projects, such as the O'Hare International Airport expansion."
As the markets fluctuate, and the effects of the U.S. credit downgrade become clearer, states and cities wait to see what will happen next.
"For now, some government officials are in limbo. And Illinois and Chicago, which already have subpar ratings, are more vulnerable to downgrades, said (bond expert Richard Ciccarone, managing director at McDonnell Investment Management LLC)."
"If Illinois is downgraded, it may see its borrowing costs rise by 0.5 to 2 percentage points, said spokeswoman Kelly Kraft."
Read the full story: Debt-rating deluge could trickle down to cities and states
The Pandemic Baby Bust
The economic uncertainty of the pandemic has added to already declining birth rates in a troubling sign for the future of the American economy.
All About Single-Family Rentals
Single-family rentals are the fastest growing segment of the U.S. housing market—and they're not going away anytime soon, a new study suggests.
Can Atlantic City Rebound as a Family-Friendly Destination?
An ambitious Florida real estate developer has a plan to remake Atlantic City into a family-friendly destination by investing $500 million of his own money.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Nation's most wind-powered state turns to coal as data centers increase energy demand
For the first time in decades, Iowa has increased its generation of coal power.
Alabama scores up to $2.5 billion federal loan for largest infrastructure project in state’s history
The Mobile River Bridge and Bayway Project aims to ease congestion at Alabama’s worst bottleneck.
Trump is considering data centers on 6 states' public land — some state officials say they had no idea
If the administration approves the proposed projects, data center and data center-related developments will cover 17,600 acres of public land.
Despite court ruling, Trump is keeping nearly all wind projects in the US on hold
At least 110 wind energy projects have not heard from the government since a federal judge ruled that the Trump administration's freeze on wind turbine clearances was likely illegal.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
KFH Group Inc.
Greater Baltimore Committee
Eagle County Government
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello