Caitlin Devitt

After months of debate, Carmel, Ind. last week refinanced $186 million of debt for a concert hall and theater. The city's total interest cost was 3.24% on the mix of taxable and tax-exempt bonds, with net present value savings of $55 million.

Michigan lawmakers passed a new law for distressed communities that gives them the option of choosing a Chapter 9 bankruptcy, which has never happened there.

Moody's Investors Service revised its outlook on Illinois to negative from stable, the latest in a series of blows to the state's already-low credit due to its massive unfunded pension obligation.

After considering a lease of the Ohio Turnpike to private investors, Gov. John Kasich Thursday said he wants to keep the asset in public hands and hopes to issue $1.5 billion of bonds backed by future toll revenue.

Gov. John Kasich Thursday is expected to unveil his long-awaited plan to wring cash out of the Ohio Turnpike, a 241-mile toll road that is one of the state's most lucrative assets.

Voters in Williston, N.D. rejected a $55 million local school district bond proposal that was the district's first since 1955 and a "last resort" to deal with an enrollment spike tied to the state's historic oil boom.

The Detroit City Council Tuesday reversed an earlier vote and narrowly approved a controversial three-year legal contract with public finance firm Miller, Canfield that state officials said is necessary for the release of bond proceeds.

The Indiana Finance Authority is selling $1.26B of Midwestern Disaster Area Bonds, in the special private activity bond program's largest issuance to date and one of two such deals this week for new fertilizer plants.

The owners of the Detroit Red Wings announced plans to build a new downtown hockey arena to would anchor a $650 million mixed-use development.

Moody's Investors Service downgraded to A2 from A1 its rating on the Detroit-based Henry Ford Health System.

The Wayne County, Ind., Council approved the issuance of $50 million of tax-exempt private-activity bonds on behalf of a food-processing company.

Michigan is expected to launch a fresh review into Detroit's finances next week, paving the way for the possible appointment of state takeover of the nearly bankrupt city.

Indiana floated a request for interest for firms looking to partner with the state on a new section of Interstate 69, which is the latest in a series of P3 transportation projects the state has undertaken.

The local governments of Cook County, Ill. together face a financial burden of $34 billion from unfunded pension liabilities and other debt, according to a pair of public policy groups in Chicago.

The Detroit City Council will meet in two special sessions over the next several days to vote on key measures needed to win release of state-controlled bond proceeds and revenue aid that the city needs to make it through both the calendar and fiscal years.

Moody’s Investors Service downgraded to B3 from Ba3 its rating on Ashland University, Ohio, and kept its outlook negative.

A federal appeals court Monday handed the three major rating agencies a victory by upholding a dismissal of a lawsuit brought by five Ohio pension funds that blamed the agencies for major investment losses.

Voters in the Williston Public School District, N.D. next week will consider a $55 million bond measure to build new facilities to accommodate a spike in enrollment due to the area’s massive oil boom.

The ability to fast-track stalled projects as well as create jobs is making the design-build-finance model attractive to states, panelists said at The Bond Buyer's annual transportation and P3 conference.

Panelists at the Bond Buyer's annual transportation and P3 conference said the newly expanded TIFIA program, combined with private activity bonds and yield-hungry investors are powerful tools for governments embarking on public-private transportation projects.