Southeast

Eurostar veteran Nicolas Petrovic will oversee the Florida system while Mike Reininger will focus exclusively on Brightline West.

Virginia Governor-elect Abigail Spanberger begins assembling her finance team by keeping the state's treasurer in place and naming Delegate Mark D. Sickles to serve as Virginia's next Secretary of Finance.

The mayor-elect expects the reductions in staff will reduce payroll by $27 million.

The Nashville Metropolitan Airport Authority is issuing municipal bonds to finance upgrades to an airport bulging at the seams after rapid traffic growth.

The state's Local Government Commission approved the borrowing Tuesday.

A lawyer for the bondholders said a majority support the proposed treatment of the $61 million of outstanding bonds.

The dramatic downgrade projects a default by January 2027 on bonds issued to finance the Miami-to-Orlando passenger train service.

In a case stemming from a PACE bond authorization, the majority said language in Florida law giving finality to bond validations must be respected.

Two student housing developments in Orlando and Tampa, Florida, financed by speculative-grade bonds in 2024, have shown signs of strain.

The company has the option to defer interest payments three times without triggering a formal default.