Midwest

Chicago and the major airlines that operate at O’Hare International Airport have agreed to a $1.3 billion plan that paves the way for construction of a new runway that would complete the long-planned parallel reconfiguration of runways.

Veteran Chicago-based bond attorney Thomas Smith has joined the local office of Greenberg Traurig LLP.

The Art Institute of Chicago received two good pieces of news when Moody’s Investors Service revised its outlook to positive and it announced its largest cash gift ever.

State and federal authorities advanced efforts Thursday to bring more fiscal help to Flint, Michigan as its copes with a water contamination crisis that market participants say will reach far and wide.

The Chicago Public Schools' last-minute pricing delay puts more of an onus on the district to demonstrate its ability to access the bond market.

Chicago Public Schools yanked a $875 million general obligation bond sale from Wednesday’s negotiated offerings, moving it to the day-to-day calendar; district officials said the move will give investors more time to digest the deal, but some observers said it illustrates the district’s deep distress.

Indiana’s Purdue University officials believe its newly minted second AAA rating will spell savings on its upcoming bond sale.

Missouri’s transportation chief warned lawmakers that state lacks funds to rebuild aging roads and bridges.

Illinois’ rising bill backlog if left unchecked could pressure the state’s already battered credit rating, Moody’s Investors Service warns in a new commentary.

Kansas City, Missouri heads into the market with a nearly $200 million new money and refunding sanitary- sewer system revenue deal Wednesday as the city chips away at needed infrastructure upgrades and its $4.5 billion overflow control program.