Midwest

The Chicago Infrastructure Trust is conducting an open bidding process for proposals to finance energy upgrades to pools operated by the Chicago Park District and Chicago Public Schools.

Research firm Municipal Market Advisors questioned the feasibility of Detroit's recent pension settlements, warning that the proposed cuts are so minimal the city could end up back in Chapter 9.

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

Illinois will return to the market Thursday with a $750 million general obligation sale hoping to capitalize on good market conditions and the same improved investor appeal that lowered borrowing costs on an issue earlier this month.

Detroit's Bankruptcy Judge Steven Rhodes Thursday ordered Detroit and three counties into mediation to try to hammer out a stalled deal to create a new regional authority to run the city's massive water and sewer system.

At a hearing supporters of a Chicago casino and expanded gambling statewide touted them as salve for the city and state's fiscal ills while opponents warned of over saturation and higher crime and addiction problems.

Detroit's two pension funds have reached a settlement with the bankrupt city that features dramatically lower cuts than originally proposed.

Detroit emergency manager Kevyn Orr defended the city's bankruptcy and talked about the deal with unlimited-tax general obligation bondholders and the importance of future capital markets access in a wide-ranging exclusive interview with The Bond Buyer.

With the help of mediators, Detroit reached a settlement with its police and fire retirees, one of the thorniest parts of the city's historic Chapter 9 bankruptcy.

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.