Northeast

The Philadelphia Council has advanced plans for a new privately financed $450 million resort casino in the city’s stadium district estimated to generate $100 million in new tax revenue over the next five years.

Atlantic City needs approval of three bills New Jersey Gov. Chris Christie conditionally vetoed to avoid becoming "insolvent" without additional support, according to Moody's Investors Service.

Unrated Scranton, Pa., is taking steps to regain the good graces of the capital markets, said its mayor and business administrator.

Chicago-based Mesirow Financial has hired veteran infrastructure banker and public-private partnership specialist Walter Kulakowski in its New York office.

The Southeastern Pennsylvania Transportation Authority has opened its first new regional station in nearly 20 years as part of a public private partnership.

New York MTA plans $700 million of new-money transportation revenue bond anticipation notes and a $43.8 million remarketing next month, said finance manager Patrick McCoy.

The Connecticut Teachers' Retirement Board lowering its long-term investment return assumption to 8% from 8.5% is a credit positive for the state, said Moody's.

Citigroup municipal strategist George Friedlander is delivering a presentation about how evolving technology is impacting the public finance industry at the Nov. 19 meeting of the Philadelphia Area Municipal Analyst Society (PhAMAS).

A study by New Jersey officials exploring potential development opportunities at Liberty State Park in Jersey City as a way to generate new revenue is being met with skepticism by some elected officials.

Fitch Ratings has followed Standard & Poor’s in revising the Long Island Power Authority’s outlook from negative to stable.