Northeast

A new mixed-use development adjacent to Manhattan will provide up to 5,000 new housing units for New York City, with tax-exempt bonds helping to finance the first phase of the project.

In the April 13 story “Wisconsin Conduit on the March” by Yvette Shields, one could get the impression that the Wisconsin Public Finance Authority is a governmental entity created in that state because California wouldn’t do it and that the real beneficiaries are the trade association sponsors and private business interests, not any government.

As New Jersey gears up for a $600 million Transportation Trust Fund Authority bond issue set to price in early May, it faces a municipal market looking to draw investors back into the fold.

The New Jersey Transportation Trust Fund Authority Tuesday is expected to approve the sale of $600 million of tax-exempt revenue bonds that would price in early May.

Silverstein Properties Inc. anticipates a mixture of fixed-rate and variable-rate debt will grab lower all-in costs on an upcoming Liberty revenue bond deal to help finance construction of Tower 4 at the World Trade Center.

Pennsylvania’s capital city of Harrisburg should pursue negotiations with stakeholders to work out repayment of its outstanding debt before resorting to filing for bankruptcy.

The New York City Independent Budget Office Tuesday released its annual list of potential spending cuts and revenue enhancements, including a proposed waste-to-energy plant that could generate $29 million of savings per year.

Officials anticipate blending fixed-rate bonds and floating-rate debt to grab a lower all-in borrowing cost on $1.28 billion of tax-exempt Liberty revenue bonds that will help finance construction at the World Trade Center.

With a revamped marketing push to attract investor interest, Philadelphia this week will sell $272.2 million of tax-exempt general obligation debt to finance ongoing capital projects and refund earlier bonds for debt-service savings.

WASHINGTON — The Internal Revenue Service is auditing $21 million of variable-rate general obligation bonds that were issued in 2005 by the Spring Grove Area School District in Pennsylvania to finance school projects, but were redeemed in 2009.