CHICAGO - The Indianapolis Local Public Improvement Bond Bank plans to enter the market Tuesday with $59.6 million of federally tax-exempt bonds to help finance a long-planned 1,000-room hotel that's part of the city's convention center expansion and downtown redevelopment plan.

The transaction is the bond bank's first under new Mayor Greg Ballard and new bond bank executive director Kevin Taylor, and also the first of several issues planned over the coming months.

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