Albuquerque officials are continuing talks that could result in a new and long-anticipated arena downtown near the convention center. Garfield Traub Development has proposed a 12,000- to 16,000-seat arena that could be home to two minor league sports teams. Later phases could include a 400-room hotel, a residential area, and restaurant and retail space. No financial details have been revealed, but on its Web site the Dallas-based developer said and investment banker partners RBC Capital Markets and Piper Jaffray & Co. have “proposed an innovative, multi-tiered financing plan that includes a substantial private capital and debt commitment.” Garfield Traub said the plan limits the public support to the city’s current taxing authority and would not require additional legislative or voter approval. An attempt to build a downtown arena in 2005 failed when a development team gave up on a privately financed project.
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The company expects construction to take four years, with operations beginning in summer of 2028 ahead of the Los Angeles Olympics.
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Los Angeles Mayor Bass' proposed $12.8 billion spending plan aims to close a $467 million deficit.
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Fitch Ratings said the negative outlook on the BB-plus rating reflects Miami Jewish's thin operating profile.
April 22 -
The new-issue calendar will be a "good test to see if the higher absolute yields can pull buyers off the sidelines or if underwriters need to widen spreads significantly enough to reprice the entire market to clear the deals," according to Birch Creek strategists.
April 22 -
The state of emergency will let the governor use the central government's rainy-day fund to provide money to WAPA that semi-autonomous agencies of his government owe the authority. WAPA will use the money to make payments to bondholders and other creditors starting Tuesday.
April 22 -
"The upgrade is supported by strengthened debt service coverage ratios due to better than expected recovery from the pandemic," Fitch said.
April 22