Indy Will Pay $164M To Keep Pacers For 10 Years
Indianapolis has agreed to pay at least $164 million over the next 10 years to keep the professional basketball team the Indiana Pacers in town.
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With the help of mediators, Detroit reached a settlement with its police and fire retirees, one of the thorniest parts of the city's historic Chapter 9 bankruptcy.  more »
With Chicago and other local governments worried over the weight of pension obligations, the Civic Federation of Chicago is promoting creation of an authority designed to intervene with municipalities before deep fiscal strains reach a crisis stage  more »
Detroit bankruptcy Judge Steven Rhodes' decision to hire a municipal finance expert to review the city's bankruptcy plan attracted responses from five professionals, including a few well-known public finance figures.  more »
Michigan Gov. Rick Snyder agreed with a state review team's recent assessment that the Detroit suburb of Lincoln Park is in a state of fiscal emergency.  more »
Citi has hired Chicago-based public finance banker Samantha Costanzo away from Jefferies to serve as a co-head of the Midwest region.  more »
Detroit's proposed settlement with its unlimited-tax general obligation bondholders is a positive development for the bondholders and insurers that wrap the debt, Moody's Investors Service said in a comment released Monday.  more »
Indiana Gov. Mike Pence said he would reopen talks about economic incentives with the Pakistan-based company that is building a controversial fertilizer plant in Posey County.  more »
Detroit's historic bankruptcy case gained momentum with court approval of a controversial interest-rate swaps settlement and a deal on its unlimited-tax general obligation bonds, but challenges still lay ahead, legal experts said.  more »
Kansas City, Mo. voters on Tuesday authorized $500 million in water-revenue bond borrowing and city charter changes that will impact city financial planning.  more »
The Missouri House approved placing on the November ballot a 1 cent sales tax increase to fund transportation projects.  more »
An income tax surcharge on income over $1 million won't appear on Illinois' November ballot after its sponsor decided to yank it from consideration.  more »
Illinois sold $250 million of general obligation bonds Thursday in a competitive sale that saw some further narrowing of the state's interest rate spreads.  more »
Moody's Investors Service hit Milwaukee with a one-notch downgrade to Aa3 following a review prompted by its change in local government general obligation methodology earlier this year.  more »



New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.

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