Caitlin Devitt

Indianapolis Mayor Greg Ballard said the city has tapped an international consortium led by Meridiam Infrastructure and Walsh Investors LLC to partner on a $400 million new criminal justice center that will the largest public-private project of its kind in the U.S.

Macomb County, Mich., plans to bring $260 million of bonds to market in March to pay off its retiree health care liability.

Michigan Attorney General Bill Schuette issued an opinion that Detroit's Downtown Development Authority has the constitutional authority to use its funds for a new $650 million public-private hockey stadium and entertainment district.

Detroit issued $1.28 billion of new debt that its bond team says required novel financing structures to satisfy both Michigan municipal law and the strict confines of Chapter 9 creditor settlements.

The largest municipal bankruptcy in the U.S. formally ends at 12:01 a.m. Dec. 11, and Detroit will begin fresh with local control and $7 billion less debt.

Indiana University is selling $56 million of so-called green bonds Wednesday, the second public university to tap into the young market.

The Northeast Ohio Regional Sewer District is selling $412 million of mostly new-money bonds Tuesday as part of a capital plan to upgrade its sewers to meet federal standards.

Detroit emergency manager Kevyn Orr said he is leaving the city with a new budget that would have a $100 million surplus after two years.

Williston, N.D., the small city located in the heart of the state's oil boom, can't keep up with the massive infrastructure and operating demands tied to the boom, Moody's Investors Service warned Friday.

The Michigan House of Representatives Dec. 4 narrowly passed a roads funding bill that would raise $1.2 billion by diverting money now sent to schools and local governments.

Buoyed by income tax revenue growth and reduced healthcare spending, Minnesota is on track to enjoy a more than $1 billion surplus, state fiscal officials said Thursday.

Moody's Investors Service said Tuesday it is maintaining its negative outlook on the non-profit health care sector for 2015, warning that key economic and financial conditions are expected to remain weak.

Detroit emergency manager Kevyn Orr said he plans to resign from his position in the new few weeks and that he hopes the city will be allowed to formally exit bankruptcy by Christmas.

A federal judge has sentenced former Ohio deputy treasurer and Chicago comptroller Amer Ahmad to 15 years in prison for his role in kickback scandal involving state investment business at the Ohio treasurer’s office.

Ottawa County, Mich., is bringing $29 million of gilt-edged federally taxable bonds to market on Wednesday to pay off a chunk of its unfunded pension liability, the first of several similar deals that may be on the horizon from local Michigan issuers.

Michigan Gov. Rick Snyder is urging lawmakers to overhaul the state's gas tax formula within the next three weeks to raise up to $1.4 billion or more in new annual road funding.

With a $29.5 million bond sale set for next week, University of Cincinnati is poised to become the first public university to tap into the increasingly popular market.

At least two northwest Indiana counties put together a preliminary bid on the bankrupt Indiana Toll Road that's expected to be at least $4 billion, while three other counties opted out of the proposal.

The state of Michigan may come to market in the next several weeks with a $450 million bond deal to finance a controversial new hockey stadium in Detroit.

The Gary/Chicago International Airport, located in struggling Gary, Ind., is making its first bond market appearance this week with the sale of $30 million of tax increment-backed bonds.