Midwest

The Rahm Emanuel-backed Chicago Infrastructure Trust lined up pro bono help from Public Financial Management Inc. and Kirkland Ellis LLP as it plans its first project financing later this year.

Great Platte River Road Archway Monument in Nebraska museum, showcasing America's pioneer history, defaulted this month on $20 million of capital appreciation bonds, the latest in a series of defaults on $60 million of debt issued in 1998 that the museum has never had enough money to service.

Missouri economic development officials failed to conduct sufficient due diligence on the bond-financed artificial sweetener plant abandoned last year by a Chinese company, according to a new state audit.

The Chicago Board of Education on Tuesday tapped veteran corporate executive Peter W. Rogers to manage the cash-strapped district's finances as it struggles with a looming $1 billion deficit and must find the cash to pay for a $300 million four-year teachers' contract.

The city of Westfield in Indiana has signed a memorandum of understanding with Citizens Energy Group to sell its water and sewer system to the non profit utility.

Cook County, Ill. officials hope that the Medicaid expansion provision in the Affordable Care Act will help reduce chronic deficits in its large public hospital system.

The Minneapolis-St. Paul Metropolitan Airports Commission is gearing up to sell about $100 million of general airport revenue as it advances plans for a $1.5 billion capital improvement program.

Standard & Poor's last week raised its long-term rating to BBB from BBB-minus on the Cleveland Cuyahoga County Port Authority's bond fund program. The outlook is stable.

Ahead of a November ballot referendum to repeal Michigan's emergency management law, a new survey shows that 38% of local officials support it.

Benton Harbor, which is under state-controlled emergency financial management by Michigan, hopes to win a $7 million loan from the state to help stabilize its finances, according to local reports.