Midwest

CHICAGO — The Chicago Park District will enter the market next week with $150 million of general obligation bonds to help finance construction of its 10th harbor on the Lake Michigan shoreline and to fund improvements and renovations to its existing harbors.

CHICAGO — Midwestern voters next week go to the polls to decide the fate of $2.16 billion worth of borrowing requests, choose new governors, and decide spending and taxing measures.

CHICAGO — The triple-A rated University of Michigan Wednesday will sell $220 million of general revenue bonds to finance part of its 10-year, $5.5 billion capital plan.

WASHINGTON — The Metropolitan Water Reclamation District of Greater Chicago has disclosed that the Internal Revenue Service is examining $600 million of Build America Bonds it issued in August 2009 — the second IRS audit of BABs announced in less than a week.

CHICAGO — Minnesota will competitively sell $291 million of water-related state revolving fund bonds Tuesday, followed closely by a $164 million clean water issue from neighboring Wisconsin, as both seek to tap the Build America Bond program ahead of its expiration this year.

CHICAGO — Michigan will hit the market Wednesday with $1.1 billion of short-term general obligation notes in what has become the state’s annual borrowing to cover expenditures while it awaits tax revenues.

CHICAGO — The Wayne County, Mich., Board of Commissioners last week gave preliminary approval to $700 million of debt to build a large new criminal justice complex in downtown Detroit.

CHICAGO — Chicago will enter the market this week with $280 million of new-money and refunding wastewater revenue bonds and follow up next week with $500 million of new-money and refunding water revenue debt. The deals will include Build America Bonds and qualified energy conservation bonds.

CHICAGO — Indianapolis Mayor Greg Ballard said he would revise key terms of a proposal to lease city parking meters to a private company for 50 years amid rising criticism from members of the Indianapolis and Marion County City-County Council.

CHICAGO — Retiring Chicago Mayor Richard Daley has tapped Martin Cabrera Jr., head of Cabrera Capital Markets LLC, to lead the City Colleges of Chicago board following the resignation last week of Gery Chico, who plans to focus on his 2011 bid for mayor.