Caitlin Devitt

Flint’s McLaren Health System Corp. is hoping to move its Pontiac-based hospital to a medical park in nearby Clarkston, according to a report in Crain’s Detroit Business.

Democratic gubernatorial candidate and current Lansing Mayor Virg Bernero said if elected he would set up a state-owned bank.

Flint lost 1.2% of its population over the last year — the most of any large city in the country, according to the U.S. Census Bureau.

CHICAGO — The Ohio Water Development Authority today will begin pricing $27.3 million of water development revenue bonds to provide loans for weakly rated municipalities across the state.

CHICAGO — Local units of government in Michigan grappling with falling revenue from state aid and local property tax collections will soon have a place to turn for help in undertaking cost-saving consolidation efforts.

CHICAGO — Yields on floating-rate municipal prepaid gas bonds with ties to BP have spiked to nearly 9% from less than 0.5% as credit analysts continue to cut their ratings on the oil giant.

CHICAGO — In its first meeting after the consolidation of 10 state bond-issuing authorities into a single agency, the newly formed Michigan Finance Authority board approved a pair of transactions and acted on administrative matters.

CHICAGO — Detroit-based Miller Canfield Paddock and Stone PLC, Michigan’s top bond counsel firm, has hired a new attorney for its Grand Rapids office.

CHICAGO — Whiting, Ind., is selling $18.3 million of tax increment revenue bonds Thursday to finance a development on the city’s Lake Michigan lakefront.

Omaha Mayor Jim Suttle last week said he wants the city to issue $35 million of revenue bonds to help finance an expansion of a Hilton hotel connected to the city’s convention center.

Michigan’s state-appointed emergency financial manager for the city of Ecorse plans to levy a special assessment against property to raise new money to support police and fire services.

Illinois Gov. Pat Quinn and Indiana Gov. Mitch Daniels have signed a memorandum of understanding outlining a partnership on a new expressway linking the two states.

CHICAGO — The University of Cincinnati Thursday will price $128 million of debt that includes a mix of new-money and refunding tax-exempt bonds, taxable Build America Bonds, and notes. Roughly half of the long-term borrowing is earmarked for the renovation of the university’s Medical Science Building.

CHICAGO — Indianapolis and the Indiana Pacers are expected to sign a short-term lease to keep the team in town as talks continue over whether the city will take over paying $18 million in annual operating costs at the Conseco Fieldhouse, which the team has previously paid.

CHICAGO — The Oakland County Economic Development Corp. will price $28 million of recovery zone facility bonds — most of which will be privately placed — to finance a new film studio in an abandoned General Motors Corp. plant in Pontiac, Mich.

CHICAGO — Ohio’s bankrupt Forum Health this week announced an agreement to sell its assets to a for-profit health care provider, marking the third proposed sale of a financially struggling nonprofit provider to a for-profit entity in the last few months.

The Michigan Department of Transportation last week released revenue projections for a second bridge spanning the Detroit River as the Senate gears up for one of the most debated and controversial votes of the session.

Detroit’s budget impasse continued into this week after Mayor Dave Bing’s weekend meetings with City Council members failed to yield a breakthrough.

Cook County, in its recent sale of $690 million of new-money and refunding bonds, captured a total interest cost of 4.35% on the issue, board President Todd Stroger’s office said Monday.

CHICAGO — The Cleveland-Cuyahoga County Port Authority will enter the market Thursday with $75 million of fixed-rate revenue bonds to finance part of the Cleveland Museum of Art’s $350 million expansion.