CHICAGO — The Ramsey County, Minn., board has approved placing a bid for the struggling Vadnais Heights sports complex financed with $27 million of now defaulted bonds.

Bids were due by Sept. 6. The facility was put up for sale at a listing price of $13 million earlier this summer by the trustee who represents bondholders. US Bank NA notified bondholders in July of the plans to place the facility on the selling block but warned that it doesn't expect to make investors whole through the sale.

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