California Offers New Funding for Housing, Transit, Active Transportation
Some $610 million in funding is being made available to help California communities build more housing as well as increase transit and active transportation options close to job centers and services – money augmented by the release of $279 million from a separate housing grant program. [Above photo by Caltrain.] “Sky-high housing costs are putting the squeeze on family budgets while long commutes contribute to dirtier air,” said Governor Gavin Newsom (D) in a statement on November 7. “By b...
U.S. Department of Transportation Announces Funding Opportunity for Roadway Safety Tools
WASHINGTON – The U.S. Department of Transportation today published a Notice of Funding Opportunity (NOFO) to build the capacity of state, local, and tribal governments to use innovative data tools and information to improve roadway safety. “This is part of the Department’s ongoing effort to utilize predictive data analytics to identify and address systemic factors contributing to crashes and improve roadway safety in communities across America,” said U.S. Transportation Secretary Elaine L. Ch...
California Announces Nearly $900 Million in Funding for Affordable Housing and Sustainable Community Development
$610 million in funding from California cap-and-trade dollars target projects that reduce greenhouse gas emissions, bolster housing equity $279 million released from the Infill Infrastructure Grant program SACRAMENTO – Governor Gavin Newsom today announced the availability of $610 million in funding to help California communities build more housing and increase transit and active transportation options close to job centers and services – actions that are crucial to both meeting the state’s n...
USDOT Announces $900 Million Historic Investment in American Infrastructure
WASHINGTON – U.S. Secretary Elaine L. Chao today announced that the Trump Administration will invest $900 million in American infrastructure through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program. The funding has been awarded to 55 projects in 35 states. “The Administration is targeting BUILD Transportation grants to repair, rebuild, and revitalize significant infrastructure projects across the country,” said U.S. Secretary of Tra...
USDOT Announces $25 Million Infrastructure Investment in Aurora
AURORA – U.S. Secretary of Transportation Elaine L. Chao today announced that the Trump Administration will invest $900 million in American infrastructure through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program. This includes an award of $25 million to Aurora for the I-70/Picadilly Interchange project. “The Administration is targeting BUILD Transportation grants to repair, rebuild, and revitalize significant infrastructure projects...
Rescission Funding Cuts May Go Deeper Than Expected
The initial state-by-state calculation of the impending $7.6 billion rescission of Federal-aid highway contract authority mandated by the Fixing America’s Surface Transportation or FAST Act indicates states may experience deeper funding cuts than what was called for in that 2015 law. According to Federal Highway Administration data released this week , the total unobligated balances of state highway funding subject to the rescission – scheduled to occur July 1, 2020 – stands at...
Meridiam Named Manager For International Municipal Investment Fund (IMIF)
Durban, South Africa--Meridiam, the infrastructure investment and global asset manager, with USD 7 billion in assets under management, was formally selected as the fund manager of the International Municipal Investment Fund (IMIF)—a unique, bespoke fund designed to focus exclusively on supporting cities and local governments; notably municipalities in developing countries, including the least-developed countries—launched by the coalition for a financial ecosystem that works for cities and local...
IDOT receives federal funds to improve alternative fuel vehicle infrastructure on I-80 .
The Illinois Department of Transportation today announced that Illinois is receiving federal funds to boost infrastructure for alternative fuel vehicles on Interstate 80. The grant, which will target electric vehicles and vehiclesthat run on natural gas, is part of a larger effort to build a mid-America alternative fuel corridor spanning six states. "These improvements will help make interstate travel on alternative fuel a reality," said Acting Illinois Transportation Secretary Omer Osman. "B...
Peapod Co-Founders and Bay Area Investors Headline Coaster Cycles’ Financing
BOSTON, MA- Today, Coaster Cycles announced personal investments from the co-founders of Peapod, Andrew Parkinson and Thomas Parkinson, as well as Bay Area investors John Lyman and Katherine Kennedy and Grant Allen (SE Ventures) in recent financing. As an already profitable company, the investment will support the expansion of Coaster’s Montana based manufacturing facility as well as the growth of Coaster’s existing rental fleets in Boston, New York City, and San Francisco. The funds will also a...
McGuireWoods Advises Dominion Energy in $2 Billion Recapitalization of Gas Facility
McGuireWoods advised Dominion Energy in a recapitalization of the company’s Cove Point liquefied natural gas facility in Lusby, Maryland, by an affiliate of Brookfield Asset Management. The deal calls for Dominion Energy to transfer a 25 percent, non-controlling equity interest in Cove Point to Brookfield Super-Core Infrastructure Partners, a fund managed by Brookfield Asset Management, in exchange for cash consideration of just over $2 billion, excluding working capital. Dominion Energy...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
Promenade at The Point
June Issue 2026
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