Northeast

The U.S. Department of Transportation has released $10 million under its TIGER grant program to modernize the infrastructure and warehouse facilities at the Hunts Point Terminal Market in New York City’s Bronx borough.

The Triborough Bridge and Tunnel Authority is scheduled to sell $195.6 million of general revenue variable-rate refunding bonds on Thursday by competitive bid.

Moody's Investors Service said Rockland County management has taken a proactive approach to closing its budget gap and took its Baa3 rating off review for further downgrade.

Lacking a financial plan for the $5 billion Tappan Zee Bridge replacement, the New York State Thruway Authority received negative ratings outlooks.

The New York City Housing Development Corp. has scheduled a $312 million sale of multifamily housing revenue bonds through negotiation Thursday, after a one-day retail period.

Despite a downgrade to Ba1 by Moody’s Investors Service, the Temple University Health System saw strong demand for $311 million of revenue and refunding bonds issued through the Philadelphia Hospitals and Higher Education Facilities Authority.

New York City Mayor Michael Bloomberg’s announcement of a long-sought $3 billion development project to convert the Willets Point, Queens, junkyard area adjacent to the Mets’ Citi Field baseball park into a five-million square foot retail and entertainment district has triggered reactions that range from positive to skeptical.

Gov. Lincoln Chafee signed Rhode Island's $8.1 billion budget, but warned that storm clouds still hover over the state's cities and towns.

Fearing the loss of casino revenue to a neighboring state, Rhode Island's General Assembly passed an end-of-session bill that gives the state 18% of the take from table games at its Twin River and Newport Grand facilities, should voters approve an enabling referendum this fall.

PNC Capital Markets LLC has hired Rob Dailey to lead its public finance banking business.