Southeast

As Virginia prepares for a key primary election on Tuesday, the controversy over tax exemptions and data center proliferation is spurring alerts from law firms.

Brightline Florida now has until Friday to make the payments, negotiate another extension, or restructure its $5.5 billion of debt.

President Trump took center stage at the announcement of $20 billion of upgrades to Washington Dulles International Airport, but financing was left to munis.

The value of the Florida cancer treatment center and the mortgaged property is unlikely to cover the bond debt, the trustee said.

A new law in Virginia goes into effect as attorneys provide counsel about economic development authorities serving as conduit bond issuers for affordable housing communities.

Fitch cited very strong revenue defensibility and the expectation the utility's finacial profile and performance will improve.

"It behooves everybody to get something consensual," said a Florida bankruptcy attorney.

Leverage issues led to Fitch lowering the outlook on the AA-minus-rated bonds.

S&P said its earlier rating had its origin in an incorrect methodology.

Florida counties are facing off against a PACE bond-issuing agency over whether they must collect taxes that would back up to $5 billion in approved bonds.