Southwest

The ruling marks the first major defeat for OTA in lawsuits seeking to derail its plan for a $5 billion, bond-financed extension project.

Total November volume stood at $19.712 billion, the lightest of any month year-to-date, in 527 versus $37.073 billion in 1,055 issues a year earlier, according to Refinitiv data.

The team has pledged to launch a petition drive to place the project on the May 16 city ballot.

The developer is seeking as much as $230 million of bonds issued by a community facilities district to pay for cleaning up a landfill and improving infrastructure for the $2.1 billion multi-use project.

Leading Life Senior Living in 2020 defaulted on $30.275 million of bonds it sold in 2017 through the Oklahoma Development Finance Authority to purchase two memory care facilities.

A full review of the deal pushes its consideration by the Texas Bond Review Board into January.

Property owners in the path of a $5 billion highway extension and the Oklahoma Turnpike Authority are fighting over whether state statutes allow for the issuance of bonds for the project.

The deal has until the end of Friday to clear the Texas Bond Review Board, whose members had no questions about the transaction when it was presented at a Thursday meeting.

With federal funding accounting for the largest portion of its revenue, Utah is mulling safeguards in the event of a future decrease.

Rising property values will help keep the $3.56 billion of new bonds manageable, particularly if issuance is spread over multiple years, rating analysts said.