Midwest

Chicago and Bensenville on Monday announced a $16 million settlement that ends opposition to the city’s $8 billion expansion of O’Hare International Airport.

CHICAGO — William Beaumont Hospital, one of Michigan’s largest health care systems, plans to enter the market next week with $273 million of fixed-rate new-money and refunding bonds that will continue the system’s efforts to reduce its floating-rate risks.

CHICAGO — Rapid City, S.D., will enter the market Tuesday with $44 million of water revenue bonds, a relatively large borrowing for the single-A rated home of the Mt. Rushmore National Monument.

CHICAGO — Menasha, Wis., will call $6.9 million of general obligation notes issued for its now-shuttered steam utility plant next month as officials weigh an offer from WPPI Energy to purchase the utility’s distribution assets in a deal that would help the city repay $23 million of defaulted bond anticipation notes.

CHICAGO — An already cash-strapped Illinois would subsidize debt service payments on $166 million of borrowing by the state’s Regional Transportation Authority under a plan announced by Gov. Pat Quinn yesterday to stave off fare hikes proposed by the Chicago Transit Authority.

CHICAGO — Cleveland is considering imposing new taxes, requiring the city’s hospitals and other nonprofit organizations to pay an annual fee, and selling or leasing its cemeteries as part of an effort to shore up its fiscal position.

CHICAGO — The Illinois ­Finance Authority board yesterday signed off on more than $1 billion of borrowing, mostly on behalf of nonprofit hospitals seeking to enter the tax-exempt market before the end of the year.

CHICAGO — General fund revenues in Michigan are expected to decline more than 20% in fiscal 2009 from last year — the single largest drop since the state began tracking the figures in 1962, fiscal officials say.

Cook County President Todd Stroger yesterday announced that up to $197 million of recovery zone facility bonds are available to private businesses to finance a range of capital projects.

CHICAGO — Chicago-based Roosevelt University enters the market next week to sell $188 million of debt to finance a new multi-use building that officials believe was worth a rating downgrade for the school to keep its transformation from a commuter school to a residential urban campus on track.