CHICAGO – The trustee for $27 million of defaulted lease revenue bonds backed by a Minnesota city to finance a sports complex now wants to unload the facility but it doesn’t expect to make bondholders whole through the sale.

US Bank NA notified bondholders of the move in a filing dated July 12 and will hold a teleconference call to update investors on the status of the facility on Aug. 13., according to the notice at http://emma.msrb.org/EA548204-EA427109-EA823982.pdf

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