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Arena Football League Shut Down Indefinitely
The Philadelphia Soul's reign as the defending Arena Football League champion is going to continue for even longer. The AFL announced it has shut down indefinitely. The league's last season was 2008 when the Philadelphia Soul, owned by local businessman Craig Spencer and rock star Jon Bon Jovi, won the indoor football league's ArenaBowl. The Soul joined the AFL in 2004.

The AFL called off the 2009 season, saying it was restructuring and intended to resume play in 2010.

Recently the league issued a statement to AFL teams saying the league suspended operations indefinitely after its board was "unable to reach any consensus on restructuring the league over the past eight months." No word on whether Jon Bon Jovi will make good on his promise to hold a free concert in Philadelphia to celebrate the Soul's 2008 championship. (Philadelphia Business Journal, 8/6/2009)

No NJ Transit Increases
NJ Transit riders will escape fare increases for a second consecutive year under the operating budget and capital program for fiscal 2010. NJ Transit's board of directors approved a $1.79 billion operating budget and $1.39 billion capital program for the fiscal year. The operating budget contains $62 million less in state operating assistance, a reduction which was made to help the state balance its budget. The capital program includes $178 million for state-of-good repair projects for rail, bus and light rail and $198 million to advance the Mass Transit Tunnel project, which would provide a new rail tunnel under the Hudson River connecting the state with New York. (Philadelphia Business Journal, 7/31/2009)

 

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