NY Cheers $1.1B Thruway Bond Success, Eyeing Tappan Zee

Law360, New York (June 27, 2012, 10:34 PM EDT) -- The New York State Thruway Authority has sold $1.1 billion in long-term bonds to pay debt and fund capital projects despite a recent downgrade of the bonds' credit outlook, Gov. Andrew M. Cuomo announced Wednesday — a sale the authority says could portend future successes in bond-funded projects including the Tappan Zee Bridge rebuild.

"The Thruway Authority has taken important steps to save costs and put in place a financially secure capital plan that will allow vital repair projects to be undertaken across New York State,"...
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