Northeast

NYPA's green designation and two credit upgrades are drawing lots of attention in a crowded market.

As Erie County sells general obligation bonds to fund its new stadium for the Buffalo Bills, the deal team is targeting a new market: fans of the NFL team. 

"Should September's positive returns hold as we expect, it would mark the fourth consecutive month of positive total returns — the first such period since the five-month period spanning from March through July 2021," BofA strategists Yingchen Li and Ian Rogow said.

With all but one grant secured and construction underway, Pat McCoy reflected on Gateway's journey so far at a Municipal Analysts Group of New York event.

The University of the Arts, a private college in Philadelphia that abruptly closed its doors in June, filed for Chapter 7 bankruptcy.

The competitive sale comes as the market prepares for a very New York-heavy week next week in the primary.

Philadelphia, New Jersey and the 76ers could all spend billions of dollars. Opponents argue no one will be getting a good deal.

The New York region's beleaguered transportation agency could need up to $92 billion for its next capital plan, said State Comptroller Thomas DiNapoli. 

Issuance as of Wednesday is at $345.327 billion, a 32.7% increase over 2023. The Bond Buyer 30-day visible calendar on Monday was at $20.02 billion, the largest in nearly four years.

The group, which has grown to more than 100 individuals since its inception in 2019, will host an event featuring Connecticut Treasurer, Erick Russell.