Richard Williamson

DALLAS — Redevelopment of Denver’s Union Station gains momentum this week with the closing on a $146 million loan from the federal government.

DALLAS — In the wake of a Moody’s Investors Service downgrade, the Arizona School Facilities Board is preparing to sell $62 million of refunding certificates of participation to help overcome the state’s record budget shortfall.

DALLAS — Harris County, Tex., is considering two options for refunding $205 million of toll-road put bonds on Thursday.

DALLAS — Moody’s Investors Service yesterday downgraded Arizona’s issuer credit rating to Aa3 from Aa2 as the state faces continuing financial stress and diminished borrowing capacity.

DALLAS — Arlington, Texas, appears to have regained its footing on debt service for the $1.2 billion Dallas Cowboys stadium and could retire the sales tax revenue bonds early, officials said.

DALLAS — A Hobbs, N.M., apartment complex that defaulted on revenue bonds issued by the Southeastern New Mexico Affordable Housing Corp. will go on the market for a second time after bondholders rejected a short sale last fall, officials said.

DALLAS — With its rocky financial situation appearing to stabilize, the Dallas Independent School District leads a parade of Texas school bond issuers to market this week with a $166 million refunding.

DALLAS — Texas notched its third straight monthly gain in sales tax revenue in June, but Comptroller Susan Combs says she is not ready to declare an end to hard times.

DALLAS — The Arizona Water Infrastructure Finance Authority plans to issue $138 million of revenue bonds next week, but executive director Judy Navarette says that amount could change if conditions become opportune for a refunding component.

DALLAS — Texas is considering a $1 billion project to replace all steel residential gas pipes with plastic ones after a series of explosions that resulted in four fatalities.

DALLAS — Arizona is rushing to revise disclosure notices to the bond market after unexpectedly losing a line of credit with Bank of America, said John ­Arnold, director of the governor’s Office of Budget and ­Strategic Planning.

DALLAS — The Texas Transportation Commission is preparing a record $1.5 billion bond issue under the voter-approved program known as Proposition 14 that dedicates fuel taxes and vehicle fees toward highway construction.

DALLAS — After weathering one of the worst fiscal years in its history, Arizona starts the next one tomorrow without a short-term borrowing agreement.

DALLAS — After years of discussion and disagreements about expanding Fort Worth’s celebrated Kimbell Art Museum, a finance team is preparing a $62 million bond package to build an adjacent gallery.

DALLAS — Amid tightening finances, the Arizona Board of Regents will issue $34 million of taxable and tax-exempt bonds this week as part of the state “Speed” stimulus program.

DALLAS — Dallas-Fort Worth International Airport expects its annual debt service cost to double over the next decade as it embarks on a $2 billion renovation of its original four terminals built in 1974.

DALLAS — The Comanche County Hospital District has lost its investment-grade rating from Standard & Poor’s as the rural health care facility in West Texas copes with a declining population and weak economy.

DALLAS — Williamson County, Tex., the ninth fastest growing county in the U.S., has gained a one-notch upgrade to AAA from Standard & Poor’s, analysts said.

DALLAS — As the Phoenix City Council prepares to pass an austere $1 billion budget, officials are seeing signs of economic recovery.

DALLAS — The University of Texas System Board of Regents plans to price $520 million of Build America Bonds today, its largest single issue of the taxable debt and second-largest deal overall in at least a decade.