Southwest

DALLAS — Redevelopment of Denver’s Union Station gains momentum this week with the closing on a $146 million loan from the federal government.

DALLAS — In the wake of a Moody’s Investors Service downgrade, the Arizona School Facilities Board is preparing to sell $62 million of refunding certificates of participation to help overcome the state’s record budget shortfall.

DALLAS — Harris County, Tex., is considering two options for refunding $205 million of toll-road put bonds on Thursday.

The Cinco Municipal Utility District No. 1, located near Houston, has disclosed that the Internal Revenue Service is auditing $5.2 million of revenue bonds it issued in 2002 to finance water and sewer infrastructure.

DALLAS — Moody’s Investors Service yesterday downgraded Arizona’s issuer credit rating to Aa3 from Aa2 as the state faces continuing financial stress and diminished borrowing capacity.

DALLAS — Oklahoma in fiscal 2010 experienced the worst revenue decline since the Great Depression, but Treasurer Scott Meacham is encouraged by the latest report on state tax collections.

DALLAS — Arlington, Texas, appears to have regained its footing on debt service for the $1.2 billion Dallas Cowboys stadium and could retire the sales tax revenue bonds early, officials said.

DALLAS — The Houston Community College System is maximizing taxpayer dollars with today’s $74.6 million negotiated sale that includes $26.7 million of senior-lien student revenue bonds and $47.9 million of tax maintenance notes.

DALLAS — A Hobbs, N.M., apartment complex that defaulted on revenue bonds issued by the Southeastern New Mexico Affordable Housing Corp. will go on the market for a second time after bondholders rejected a short sale last fall, officials said.

DALLAS — With its rocky financial situation appearing to stabilize, the Dallas Independent School District leads a parade of Texas school bond issuers to market this week with a $166 million refunding.