In the 1930s, several cities along the Delaware River proposed the construction of the largest dam east of the Mississippi, at Tocks Island, upstream of the Delaware Water Gap. The dam would generate electricity for the growing cities of Philadelphia and New York, and the resulting 37-mile-long lake would provide water to their residents.
The Delaware River Port Authority , operator of bridges and a rail line between Philadelphia and New Jersey , backed away from delaying a $1 toll increase until 2012 because of concern that waiting would trigger a $240 million termination payment on interest-rate swaps.
The Delaware River Port Authority, which runs Philadelphia-area bridges and trains, improperly borrowed to fund a $440 million economic-development program while ignoring work on its facilities, an audit found.
The Delaware River Port Authority , which has borrowed more than $1 billion to maintain road and rail links between New Jersey and Philadelphia, may end “free rides” while trying to curb nepotism and conflicts of interest.
Delaware River Port Authority , the Philadelphia toll-bridge operator that lost more than $60 million on derivative bets, plans to borrow $320 million as weekly issuance falls to the lowest in 10 months.