Indiana

A group of ratepayers from a Chicago suburb are suing five advisors and consultants, accusing them of misrepresenting the value of participation in the bond-financed Prairie State Energy Campus to the city of Batavia.

Ratepayers from a Chicago suburb will file a lawsuit as soon as Tuesday seeking compensation for steep energy rate hikes they've paid due to cost overruns at the bond-financed Prairie State Energy Campus coal-fired power plant.

Indianapolis Mayor Greg Ballard named Greg Clark to formally take over as director of the Indianapolis Local Public Improvement Bond Bank to replace Deron Kintner, who is leaving the city.

Borrowing by Midwest issuers slid 13.2% for the first half of 2014 but new-money issuance fueled by Chicago and Illinois deals helped boost new-money by 16.8%.

Indianapolis is coming to market this week with $50.2 million of tax increment backed revenue bonds to finance a pair of large downtown developments that will help satisfy a rising demand for downtown living space.

Indiana Gov. Mike Pence has ordered state agencies to reserve 4.5% of their 2015 appropriations and public universities to hold back 2% despite recent news that the state has $2 billion in reserves.

Indiana should impose a new tax to raise revenue for transportation infrastructure, a blue ribbon panel has recommended to Gov. Mike Pence.

The Indiana Finance Authority will sell $250 million of private activity bonds to finance a public-private partnership for a stretch of Interstate 69 that state officials say will be key to the state's future economic health.

The 2010 issuance of $165 million of Build America Bonds by Indianapolis' public hospital has thwarted a long-planned merger with another major Indiana system.

Public distrust and confusion over public-private partnerships along with the lack of creative thinking on the technology front are among the constraints Chicago confronts as it looks to address its infrastructure needs, said panelists at a forum.

A declining number of Midwestern high school graduates is adding to already highly competitive environment further straining the region's small colleges, according to Moody's Investors Service.

Indiana and Illinois have finalized a bi-state development pact for the proposed Illiana Corridor toll road that commits the two states to a combined funding contribution of up to $350 million.

Indiana-based Sycamore Advisors has hired Chicago City Colleges CFO Melanie Shaker to open a new Chicago office and expand into the Midwest's largest market.

Gary, Ind. is set to enter the market this week with its first bond sale in nearly a decade, and at the same time is advancing a plan for a second borrowing.

The city of Fort Wayne plans to issue up to $67 million of bonds to finance the takeover of a nearby water utility.

Indianapolis has agreed to pay at least $164 million over the next 10 years to keep the professional basketball team the Indiana Pacers in town.

Indiana Gov. Mike Pence said he would reopen talks about economic incentives with the Pakistan-based company that is building a controversial fertilizer plant in Posey County.

The long-struggling city of Gary, Ind., is making a rare appearance in the bond market with a short-term deal that the city's mayor hopes will help rebuild the city's battered credit.

Posey County, Ind., will remarket Tuesday $1.3 billion of notes in what will be the third remarketing for a controversial nitrogen fertilizer project that has run into significant political opposition.

The Indianapolis Board of School Commissioners has authorized the potential refinancing of $59.6 million of Build America Bonds issued in 2010 because the subsidy payments to the issuer have been reduced due to sequestration.