Caitlin Devitt

Detroit has not reallocated payments for its unlimited-tax general obligation bonds because those bonds are tied up in federal mediation talks, the city said Monday.

Commissioners in Hamilton County, Ohio, are expected to consider a proposal to restore part of a property tax rebate that the county has repeatedly cut in order to fund two of the city's sports stadiums.

Detroit Monday disclosed the fees it must pay to Barclays Capital Inc. to secure a $350 million debtor-in-possession financing, after the bankruptcy judge overseeing the city's case ordered the disclosure.

Wayne County is expected to vote Tuesday on a proposal to sell an unfinished, bond-financed jail project in downtown Detroit to a private developer.

Blaylock Robert Van LLC has opened a new office in Columbus, Ohio staffed by a veteran investment banker who's been active in the state's municipal market for 30 years.

States are no longer waiting for the federal government when it comes to trying to drum up new revenue for transportation infrastructure, said Victor Mendez, administrator, Federal Highway Administration, Friday morning at the Bond Buyer's Transportation Finance/P3 conference here.

With motor fuel tax in a long-term slide, transportation advocates need to get better at convincing the public and elected officials about the link between infrastructure and regional economic health, transportation experts here at the Bond Buyer's transportation conference said Thursday.

The federal judge overseeing Detroit's bankruptcy case ruled Thursday that the city must reveal the fees it plans to pay to Barclays for a $350 million debtor-in-possession financing, one of the few DIP loans for a municipality in Chapter 9.

Cook County, Ill., heads to market as soon as next week with a new bond team selected out of the county's newly assembled, three-year bond team pool.

Detroit's mayor-elect Mike Duggan introduced the core of his transition team even as he said it remains unclear how much power he will have under the city's state-appointed emergency manager.

Detroit emergency manager Kevyn Orr redirected $95 million meant for debt-service payments into a fund for restructuring costs, according to a budget memo obtained by the Detroit City Council.

The new mayor of Cincinnati, bond attorney John Cranley, is halting two controversial bond-funded projects, including one for which the city has already sold general obligation bonds.

A state-run board Tuesday approved Gov. Rick Snyder's push to lease Belle Isle, Detroit's biggest park, for up to 30 years, killing an alternative 10-year lease proposed by the Detroit City Council.

Michigan will pay 0.40% in interest for $30 million of two-year taxable general obligation bonds that the state sold in a competitive sale last week.

Cook County, Ill., approved a new $3.2 billion spending plan for fiscal 2014 that raises no taxes and relies on federal aid under the new health care law to offset chronic shortfalls in its massive health system.

The question of whether Detroit negotiated in good faith with its creditors, or even could, emerged as a central question in the nine-day trial over whether the city is eligible to enter Chapter 9 bankruptcy.

Two bond insurers sued Detroit Friday for defaulting on its general obligation bonds, a challenge that goes to the heart of the city's unprecedented effort to treat its unlimited-tax GO debt as unsecured.

Attorneys will present closing arguments Friday in Detroit's court battle to enter Chapter 9 bankruptcy, capping an eight-day trial that centered on whether the city has negotiated in good faith with creditors.

Bond insurer Syncora Guarantee Inc. filed an objection to Detroit's effort to repair its broken down streetlight system with the use of the city's utility tax to back bond payments.

Detroit late Tuesday asked the federal judge overseeing its bankruptcy case to approve a controversial $350 million debtor-in-possession financing.