Northeast

A lease agreement between Newark, New Jersey, and the Port Authority of New York and New Jersey will help fund debt service for the pipe replacements.

The Port Authority of New York and New Jersey’s increased its long-range capital plan by about $5 billion to $37 billion, while raising tolls, rents and fees.

The legal teams for Baltimore and Philadelphia asked the court to reject the banks’ plausibility argument as well as their claim that the suit is barred by a four-year statute of limitations.

Moody’s Investors Service placed Rochester’s Aa3 issuer and general obligation limited tax rating on review for downgrade.

Mismanagement of real-property related taxes may be shortchanging an MTA revenue stream, said city Comptroller Scott Stringer.

The first phase of the American Dream retail and entertainment hub next to the New Jersey Turnpike will open on Oct. 25.

A novel approach is necessary, former Housing and Urban Development secretary Heny Cisneros said at the Rhode Island Infrastructure Bank's summit in Providence.

A comprise $13B NH budget crafted this week that includes no tax increases.

The capital plan's unknowns include its effect on the New York Metropolitan Transportation Authority's debt levels and rating agency perceptions.

The shuttered College of New Rochelle filed for Chapter 11 bankruptcy last week while it markets the Westchester County campus in an effort to pay off creditors.