Northeast

Experts say that the $1.63 billion in New York Liberty Development Corp. tax-exempt bonds for 3 World Trade Center expected in late October will have unusual but not necessarily worrisome features.

Navigating through market turmoil, the Connecticut Housing Finance Authority was oversubscribed by 2.5 times and sold $157 million of bonds.

Rhode Island priced a $162 million general obligation bond refinancing. The final net present value savings was $16.17 million, according to the office of General Treasurer Gina Raimondo.

The Penn Institute for Urban Research will host the discussion, on urban fiscal policy and public pensions on Nov. 11 in Philadelphia.

Moody's Investors Service downgraded Atlantic City parking fee and Atlantic City fund revenue bonds, series 2005A and 2005B, to Ba3 from Baa3.

Pittsburgh plans to come to market next week with a refunding of $70 million in general obligation bonds in two series.

Sound fiscal practices are vital for Pennsylvania's distressed cities, regardless of how long they stay in the state-sponsored Act 47 workout program, analysts say. A new law will limit cities' stay in Act 47.

New Jersey government's decision to place Newark city government under its financial control is a credit positive for the city, Moody's Investor’s Service said.

A parkland project is proposed for New York City's Queens borough that would involve converting 3.5 miles of abandoned elevated railroad track.

Metro-North Railroad completed construction of a $5.7 million bridge in New Hamburg, N.Y.