Southwest

DALLAS — The Dallas City Council on Wednesday approved the sale by a special local government corporation of up to $500 million of special facilities revenue bonds to finance upgrades at Love Field, the city-owned airport located near downtown.

DALLAS — Denver will commit up to $8 million per year for 20 years to secure a $300 million federal loan for redeveloping its Union Station train terminal as a hub for an ambitious mass-transit system.

DALLAS — Amid growing financial pressure on sports and tourism tax revenue, Arizona is hoping to seal an $84 million deal to keep the Chicago Cubs spring training facility in the Phoenix suburb of Mesa.

DALLAS — Dallas may come to market in March with a delayed general obligation bond package, backed up by a new $350 million commercial paper program that will provide temporary construction financing for city bond projects.

DALLAS — The Northside Independent School District, the largest in the San Antonio area, is making plans to seek voter approval in May for $535 million of general obligation bonds to keep up with growth.

DALLAS — U.S. Treasurer Rosie Rios used a visit on Friday to the site of Dallas’ new bond-financed convention center to highlight the benefits of Build America Bonds in stimulating the North Texas economy in 2009.

DALLAS — In the wake of a favorable Internal Revenue Service ruling in December, the Texas Board of Education last week began the process of reopening and possibly doubling the bond-backing capacity of the Permanent School Fund.

The Flagstaff City Council this week may consider a proposed agreement with developers of a resort complex that calls for the city to acquire part of the site after the project failed to make a debt-service payment in December.

DALLAS — As he begins his last full year as governor of Colorado, Bill Ritter is providing lawmakers a roadmap to close a $1 billion budget shortfall when they open their 2010 legislative session in Denver today.

DALLAS — Southwest Securities FSB, the commercial banking subsidiary of SWS Group Inc., has named Larry Kilgore as senior vice president and regional president of the firm’s downtown Fort Worth and Southlake, Tex., banking centers.