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Knik Arm Bridge Moves Forward With New Financing Plan
Alaska's $900 million project to build a bridge over the Knik Arm of the Cook Inlet is a step closer to construction as the new funding plan makes its way through the state legislature.
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Faced with legal challenges to its plans for a publicly-backed hotel near the Oregon Convention Center, the Portland Metro Council has asked a judge to review its financing plan for the project.  more »
Illinois received $2.2 billion of orders from 54 investors on its $750 million general obligation bond sale Thursday as its yield penalty widened just slightly from a sale earlier this month.  more »
Florida's Citizens Property Insurance Corp. priced an upsized $1.5 billion catastrophe bond deal to protect itself from hurricane losses on the state's coast.  more »
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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