Companies that build private toll roads are pressing states to assume more financial risk of traffic not meeting expectations, a change that benefits the operators while threatening to increase taxpayer costs.
Valparaiso plans to sell $200 million in tax-free revenue bonds this week on behalf of box- maker Pratt Industries to finance a paper-recycling plant that will add more than 100 jobs in the northwest Indiana city.
When Robert Freed walked into Pet Foods Plus, his flooded store on Midland Avenue in Staten Island, two blocks from the Atlantic Ocean, he knew what he smelled immediately: the stench of rotten kibble and cat food, a few tons of it.
At the height of tourist season, 150,000 people vacation on Long Beach Island, an 18-mile stretch of New Jersey shore. The crowds are gone by October, when the traffic signals blink amber along the main boulevard.