CHICAGO — The trustee for $27 million of defaulted lease revenue bonds sold by Vadnais Heights, Minn., to finance a sports complex received three final offers from potential buyers that range from $10.5 million to $13 million.

US Bank NA notified bondholders of the latest developments in its efforts to recoup bondholder investments in a notice this week. A bondholder teleconference to discuss the bids is slated for Oct. 23, according to the notice.

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