Caitlin Devitt

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.

CHICAGO — The Ohio Legislature last week passed a measure creating a new bond-issuing authority to help finance an expansion of an 88-acre conservatory near downtown Columbus.

CHICAGO — The Indianapolis Local Public Improvement Bond Bank will come to market next week with $21 million of economic development tax-increment financing bonds that will support a $340 million expansion of Dow AgroSciences LLC’s headquarters.

CHICAGO — Moody’s Investors Service has downgraded nearly $2 billion of outstanding tax-exempt gas prepayment bonds and warned that another $1.9 billion could be cut due to the recent rating downgrade for BP Corporation North America Inc.

CHICAGO — Ohio-based public finance law firm Peck, Shaffer & Williams LLP has hired a new associate for its Cincinnati office.

The U.S. Supreme Court last week ruled in favor of Ohio Attorney General Richard Cordray last week when it said in a unanimous ruling that federal courts must defer to state courts on challenges to state law.

The Detroit Medical Center extended by 10 days a letter of intent to sell its eight hospitals to a Tennessee-based for-profit health care company for $1.5 billion.

Indianapolis Mayor Greg Ballard said he was putting on hold a proposal to privatize management of the city’s sports stadiums and convention center.

Gary officials have said the Indiana Gaming Commission should delay renewing a local casino’s license because it owes nearly $22 million in unpaid property taxes.

CHICAGO — Cook County, Ill., on Wednesday and Thursday will price $1.05 billion of new-money and refunding bonds divided into five series in a transaction that likely marks the last issue under county board president Todd Stroger’s watch.

CHICAGO — For Illinois, Build America Bonds are the gift that keeps on giving despite heightened federal scrutiny, the state’s debt manager said last week.