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CHICAGO - Federal authorities announced the filing in court late last week of a $4.7 billion settlement agreement in their lawsuit against the Metropolitan St. Louis Sewer District.
August 5 -
CHICAGO - Lawyers for five Wisconsin school districts trying to recoup their ill-fated $200 million investment in collateralized debt obligations to fund their non-pension retiree health liabilities are engaged in formal mediation talks with the financial firms they blame for their losses.
August 4 -
CHICAGO - A bond issuer made up of the University of Nebraska and the city of Lincoln will take competitive bids Tuesday on $100 million of bonds that mark the last large financing for a new arena that is the largest project in state capital's history.
August 4 - Michigan
CHICAGO - The Michigan Municipal Advisory Council is looking for the seventh director in its 80-year history as current director Mike Alandt aims to retire by the end of the year.
August 3 - Illinois
CHICAGO - Accompanying his announcement last week that Chicago faces a $635.7 million gap in its next budget, freshman Mayor Rahm Emanuel also released a 54-page report that lays bare the city's stark fiscal woes in plain English for all eyes, from the voting public to investors and analysts.
August 2 -
Moody’s Investors Service downgraded $61.5 million of bonds sold on behalf of John Carroll University to A3 from A2. The Ohio Higher Educational Facility Commission issued the debt on behalf of the school.
August 2 - Ohio
Gov. John Kasich said he has asked the Legislature to create a commission to formally explore the consolidation of the state’s school districts.
August 2 - Missouri
Kansas City Mayor Sly James last week announced the creation of a blue-ribbon Commission on Municipal Revenue.
August 2 - Minnesota
Moody’s Investors Service has downgraded multifamily housing revenue bonds issued by the Aurora Housing and Redevelopment Authority, Minn., for the Irongate Apartments Section 8 Assisted Project deeper into junk-bond territory.
August 2 - Michigan
Upscale food chain Whole Foods and Detroit Mayor Dave Bing announced last week that the company would open a new 20,000-square-foot store in the city in 2013.
August 2
