Muni Lowdown: COVID-19 Cause and effect
from The Muni Lowdown
US state agencies are ready to build infrastructure once the economy normalizes again after the coronavirus (COVID-19) pandemic, but many are likely to veer away from light rails and toll roads as the foundation of their plans. When procurements are initiated again, sources say it will make sense to invite private financing via a public-private partnerships (P3) to bridge the gap in funding and it is availability-based payment structures that may be necessary to mitigate some of the revenue loss for the private sector during the pandemic. Inframation's Abigail Miller and Debtwire's Caitlin Devitt discuss this financing vehicle. Fairfield, Alabama filed for bankruptcy protection, becoming the second entity to file for Chapter 9 so far this year. Debtwire Municipals Simone Baribeau looks at the city in Jefferson County. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact [email protected]
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