Midwest

Chicago’s O’Hare International Airport will get new gates and ultimately could see an aging terminal demolished and rebuilt to serve as a central hub under initiatives formally unveiled by Mayor Rahm Emanuel Friday.

Illinois will spend $2.5 billion more then it expects to collect in the coming months, putting it on course to end December with a bill backlog of $10 billion, the state comptroller warned.

The junk-rated Chicago school district plans to return to the municipal bond market to raise funds for needed capital work, the district’s leader said.

A $2 billion flood diversion project in North Dakota and Minnesota is the first P3 for the U.S. Army Corps of Engineers.

The private operator of partially bond-financed rail-freight transfer facility would provide most of the funding for a new toll bridge under a public-private agreement struck with Illinois.

South Dakota can now claim three top-level credit ratings after Moody’s Investors Service assigned an initial issuer credit rating of Aaa.

The long-term principal and interest payment schedule for Chicago's general obligation debt swelled by about $1.7 billion last year, according to the city's comprehensive annual financial report.

Negotiations continue on a proposed restructuring of $190 million of debt Lombard, Illinois issued for a hotel and conference center, amid a fresh default.

A judge is expected to rule this month on Chicago's latest effort to quash a lawsuit filed by retired city employees who want to preserve their healthcare subsidies.

Congressional action on transportation helped spur an upgrade for some outstanding Michigan Garvee bonds ahead of a $613 million refunding deal.