Caitlin Devitt

The Michigan Supreme Court Friday handed state transportation officials a victory when it upheld a ruling requiring Manuel Moroun, the owner of the Ambassador Bridge, to rebuild the ramps and approaches leading to the span. The ruling could pave the way for forcing Maroun to conform to designs by the Michigan Department of Transportation.

CHICAGO — St. Louis County will competitively sell $20 million of tax-exempt special obligation bonds and taxable recovery zone economic development bonds to finance construction of a new health care campus in Berkeley.

CHICAGO — Nonprofit health care providers grappling with what to do about interest rate swaps that for years saved them money but now have become costly burdens face a “stark choice” that can depend on their fiscal position and appetite for risk.

CHICAGO — Ohio next week will price $20 million of taxable revenue bonds backed by profits from the state’s liquor sales, a revenue source unscathed by the recession.

CHICAGO — The federal health care overhaul could cost Indiana up to $2.9 billion through 2020, a new report estimates.

A $425 million plan to build a new convention center and medical merchandise mart in downtown Cleveland advanced last week as the Cuyahoga County Commission approved the purchase of the last piece of land needed for the complex.

The Detroit City Council Friday approved a 2011 fiscal budget that chopped roughly $32 million from Mayor Dave Bing’s proposed spending plan.

A Michigan House subcommittee last week approved three bills that would authorize a bond-issuing regional authority to oversee a 400-mile mass transit system running throughout the Detroit area.

CHICAGO — The worst could be over for Michigan, according to economists and fiscal officials who gathered in Lansing Friday for the state’s twice-annual revenue estimating conference.

CHICAGO — The Michigan House is expected to vote Tuesday on a bill that would advance a controversial $2 billion bond-funded bridge spanning the busy Detroit-Canada trade route.

CHICAGO — A report reviewing the Cleveland Municipal School District’s bond practices recommends that it opt for competitive over negotiated bond sales when issuing general obligation debt to ensure the lowest borrowing costs.

The Cincinnati City Council last week passed a measure to issue up to $64 million in bonds to advance a long-planned $128 million project to build a streetcar.

Nebraska revenues last month came in $52 million below projections, state officials said last week.

The Troy City Council last week passed a $141 million fiscal 2011 budget that calls for the city’s library to close by next summer. The cut comes after residents in February defeated a five-year property tax increase that city officials said would keep the library open.

Detroit Mayor Dave Bing last week held the first meeting of a “land-use summit” group that will help shape the long-term plan to reshape, and likely downsize, the troubled city.

CHICAGO — The Columbus Franklin County Finance Authority today will price $158 million of taxable research and development bonds as part of Ohio’s high-profile effort to invest venture capital in young, technology-based companies.

CHICAGO — Ohio today and tomorrow will price $215 million of double-A rated Garvee bonds.

CHICAGO — Provisions in the new federal health care law that aim to change the way hospitals are paid for their services could pose risks to nonprofit providers, Standard & Poor’s said in a report released yesterday.

CHICAGO — Nebraska voters in Tuesday’s primary green-lighted several borrowing requests and a constitutional amendment that will allow local governments to issue tax-exempt debt on behalf of nonprofit organizations.

CHICAGO — Moody’s Investors Service this week downgraded Toledo, Ohio, warning that falling income tax revenue has led to repeated general fund shortfalls despite attempts to stabilize financial operations.