Nevada

The Reno, Nev., City Council will discuss at its Dec. 12 meeting a tentative plan to provide a $30 million subsidy spread over 30 years to help the owners of the Reno Aces, its local minor league baseball team, refinance their stadium development debt.

Reno, Nevada's had $130 million in capital improvement revenue bonds downgraded three notches to Baa2 from A3 by Moody's Investors Service.

Nevada legislators may consider unemployment insurance revenue bonds to repay $681 million owed the federal government.

The IRS is auditing $650 million of general obligation school bonds Clark County, Nev. School District issued in 2007 and $50 million of general obligation water and sewer bonds Fernley, Nev. Issued in 2007.

The Nevada housing market could take decades to recover, said economist Jeremy Aguero during a forum hosted by Las Vegas Mayor Carolyn Goodman.

West Coast nonprofit hospital chain Dignity Health, formerly Catholic Healthcare West, was downgraded ahead of plans to sell up to $500 million in taxable bonds.

A Nevada panel recommended raising Nevada's unemployment tax rate to help repay money the state borrowed from the federal government to pay benefits.

Moody's Investors Service lowered Washoe County School District, Nev.'s outlook to negative, but affirmed the Aa2 rating.

The Internal Revenue Service has closed an audit without changing the tax-exempt status of $65 million of general obligation limited tax water and sewer bonds that were issued by Washoe County, Nev. in December 2005.

The Nevada Public Works Board recommended a $100 million capital construction plan Tuesday to Gov. Brian Sandoval.

A property tax settlement between Reno, Washoe County and Washoe County School District means the Reno RDA can make bond payments through 2018.

Clark County School District, Nev., received a one-notch downgrade on $3.8 billion in debt from Fitch Ratings on Tuesday.

Reno, Nev. redevelopment officials are trying to come to a compromise with Washoe County over tax revenue in order to make debt service requirements.

Moody's Investors Service downgraded North Las Vegas, Nev. to Baa2 from A3 due to the city's ongoing financial problems.

Clark County, Nev.'s McCarran International Airport on Wednesday night received a downgrade from Moody’s Investors Service to A1 from Aa3 on about $3 billion of its $4.5 billion of debt just as it prepares to market $365 million in three series on May 30.

Clark County, Nev., on Monday received an Aa1 rating affirmation and a stable outlook from Moody’s Investors Service as it plans to refund $75.9 million of general obligation limited-tax bonds on May 30.

In a letter to a small Colorado daily newspaper, the developer of a Sparks, Nev., shopping center in technical default on its bonds tried to explain financial issues surrounding the Nevada project while pitching Eagle, Colo., residents on a retail project he is planning there.

The Nevada Treasurer’s Office completed a $70 million highway revenue refunding bond sale that will result in savings of about $6 million in its existing debt service payments, deputy chief debt manager Lori Chatwood said in a news release.

North Las Vegas city manager Timothy Hacker warned Monday of massive layoffs after the city’s public safety employee unions walked away from negotiations, according to the Las Vegas Review-Journal.

LOS ANGELES — A bankruptcy judge has approved the Las Vegas Monorail Co.'s reorganization plan, allowing it to exit Chapter 11 bankruptcy while nearly wiping out the investment made by bondholders.