-
The Port Authority of New York and New Jersey plans to sell $850 million of traditional taxable bonds next week to finance construction at the World Trade Center site.
October 14 - New Jersey
New Jersey’s Local Finance Board Wednesday approved a lease-back bonding plan between Newark and the Essex County Improvement Authority that will help the state’s largest city fill an $83 million deficit in the current-year budget.
October 13 -
The New York City Health and Hospitals Corp. plans next week to market its first new-money bonds in seven years. The corporation plans to sell up to $225 million of taxable Build America Bonds and up to $500 million of tax-exempt refunding bonds Tuesday, following a one-day retail order period Monday.
October 12 -
The New Jersey Transportation Trust Fund Authority plans to market $1.4 billion of bonds this week to finance various capital projects.
October 8 -
The Metropolitan Transportation Authority at a special board meeting on Thursday approved fare hikes expected to yield an additional 7.5% in revenue.
October 7 - New York
New York City set a record for international orders on its $1.23 billion general obligation deal that priced on Thursday. Foreign buyers placed orders for $123.1 million of taxable Build America Bonds, Comptroller John Liu reported.
October 7 -
New Jersey Gov. Chris Christie terminated an $8.7 billion passenger-rail tunnel project Thursday that would have doubled NJTransit rail capacity between New York City and northern New Jersey and created at least 6,000 construction jobs.
October 7 -
Former New York Comptroller Alan Hevesi pleaded guilty to a felony on Thursday in a pay-to-play kickback scheme. Hevesi admitted to accepting nearly $1 million in benefits in exchange for approving $250 million of pension fund investments.
October 7 -
New Jersey has spent nearly $600 million on a new $8.7 billion passenger-rail tunnel called the Access to the Region’s Core, but Gov. Chris Christie may terminate the project due to escalating costs.
October 6
-
The Harrisburg Authority is unable to end three derivatives with Royal Bank of Canada and use those termination funds to help meet a Dec. 1 payment to bondholders of its incinerator debt, according to board member William Cluck.
October 6
