DALLAS — Standard & Poor’s has placed the AAA-rated Irving, Texas, on CreditWatch for a possible downgrade as the Dallas suburb struggles to raise $170 million for an entertainment center adjoining its new convention center.

The rating on a proposed hotel-tax bond issue for the entertainment center fell well below investment grade, to B with a stable outlook. Issuing the bonds could require the city to raise its property tax rate by an additional 8.5 cents per $100 to cover its hotel tax-secured 2009 certificates of obligation, according to analyst Sarah Smaardyk.

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