Midwest

CHICAGO — Drawing deeply from the public finance industry well, Chicago Mayor-elect Rahm Emanuel on Wednesday announced a finance team led by advisory professional Lois Scott and supported by a project finance lawyer and public sector banker, both with previous government experience.

CHICAGO — Detroit’s two pension funds late Monday filed a lawsuit against Michigan Gov. Rick Snyder and Treasurer Andy Dillon over the state’s controversial emergency financial management law.

CHICAGO — Two senior staff members of the Illinois Housing Development Authority have moved into leadership roles, with longtime general counsel Mary Kenney taking over as executive director, and deputy chief financial officer Hazim Taib replacing Robert Kugel in the agency’s top fiscal post.

CHICAGO — A failed film studio project touted by a Hollywood producer has left a Detroit suburb struggling to cover payments on $31 million of bonds that have sparked an informal investigation by the Securities and Exchange Commission.

CHICAGO — Chicago-based financial adviser Lois Scott — a co-founder of Scott Balice Strategies LLC — will leave the firm to join Chicago Mayor-elect Rahm Emanuel’s administration as the city’s top fiscal officer when he takes office next month, several public finance sources said Monday.

Rochester, Minn.-based Mayo Clinic will enter the market Wednesday and shift $290 million of variable-rate securities to a fixed-rate structure to open up room in its debt portfolio for future floating-rate debt that would finance two proton therapy centers.

Chicago Mayor-elect Rahm Emanuel on Monday tapped the head of the Rochester City School District to lead the Chicago Public Schools and left in place the current chief financial officer, Diana Ferguson.

CHICAGO — Jury selection will begin Wednesday in the retrial of former Illinois Gov. Rod Blagojevich on federal corruption and pay-to-play charges following a judge’s refusal last week to grant the defense’s request for a delay.

CHICAGO — Indiana University Health Inc., the state’s largest health care system, on Monday will price $228.2 million of variable-rate bonds in the first of three borrowings that will total nearly $800 million.

CHICAGO — The Illinois Finance Authority expects to launch a program in the coming months that links state Medicaid providers with private investors willing to purchase overdue payment vouchers in case lawmakers fail to act on Gov. Pat Quinn’s $2 billion borrowing plan to ease the state’s liquidity crisis.