Regions News from Bond Buyer

Fortress Investment Group bought the property in 2021 after it was largely destroyed by Hurricanes Irma and Maria and financed a major renovation that featured reinforcement standards designed to protect against a category 5 hurricane.

After selling $260 million of voter-approved bonds for the project, county officials are eyeing a sales tax ballot measure in 2026 to cover the higher cost.

The county treasurer's new report describing large hikes in Chicago residential tax bills effectively takes property tax hikes off the table for the city.

The transaction, which supports the Navajo community in Ganado, Arizona, represents a major landmark in furthering Native American health care infrastructure, overcoming hurdles tribal governments typically face in issuing municipal debt to open a replicable path to market other indigenous health systems can follow.

A budget forecast prepared by the Virginia House Appropriations Committee shows tightening financial constraints in 2026 —including a higher cap on state and local tax deductions — could result in the state's issuing bonds.

City Council President Jean-Paul Morrell said Mayor LaToya Cantrell had engaged in a "breathtaking abdication" of her job.

The toll road agency's financial and other practices were targeted in a November legislative study, which could lead to another round of reform legislation.

The new debt is a "bridge loan" until the company can raise fresh financing, a bondholder said.

Moody's cited narrowing financial flexibility and declining debt service.

Fiddlers Canyon's complaint should be dismissed for several reasons, UMB said. 

The deal offers a better recovery than earlier deals but no principal payment for 12 years.

Legislation authorizing $1.5 billion of revenue bonds, along with fee and tax hikes, could return for a second try in 2026.

The funds supported new facilities and housing, helping address challenges Navajo Nation communities face, such as long-distance travel and limited access to health care.

The Kerrville Public Utility Board Public Facility Corp.'s bond sale and acquisition of a state loan for the project is a tale of perseverance.

Moody's cited prospects for reduced operating deficits, generally stable enrollment and strong philanthropic support.

Bonds have traded up since the company last week announced a tentative bondholder deal and project update and financing details.

The New York Power Authority created a new in-state conduit issuer to maximize savings and benefits for New Yorkers on a prepaid electricity deal.

Chicago went to market Wednesday with $454.37 million of STSC refunding bonds, amid heated budget talks. Goldman took down $75 million of the bonds.

The $6.3 billion all-funds budget was amended in the wake of the Nov. 4 defeat of a property tax rate increase that would have raised $109.5 million in revenue.

The deal would give the company time to seek additional equity, debt and federal funds.