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As stadium and arena deals grow in complexity and expense, the capital stack often includes a combination of public and private money along with revenue generated by the facilities.

Firms including PNC, FHN and Texas Capital are hiring to build their public finance teams and increase their presence across the country.

Daily report for December 10, 2024

Munis are in the black so far this month, with the Bloomberg Municipal Index at +0.33% in December and +2.88% year-to-date, the high-yield index is at +0.27% in December and returning 8.41% in 2024, while taxable munis are returning 0.43% so far this month and 4.58% in 2024.

Principal Street Partners will acquire the bankrupt firm that specialized in high-yield bonds issued for senior living facilities and charter schools.

The San Diego County-based healthcare district is at risk of "breaching financial covenants which, absent lender cooperation, could lead to acceleration of all of Palomar's outstanding revenue debt," Moody's Ratings analysts wrote.

The legislation sends unobligated dollars from the TIFIA program to the popular Surface Transportation Block Grant.

Photos from The Bond Buyer's 2024 Deal of the Year awards gala.

Connecticut is poised to ramp up transportation borrowing, after years of consistently issuing less debt than it had the capacity and authority to sell.

Daily report for December 09, 2024

Investors will be greeted with a diverse new-issue slate the week of Dec. 9, led by bellwether names. If all the deals price, 2024's total should break 2020's record by the end of the week. Despite rich valuations, demand has remained strong as the year winds down.

A dispute over open meetings laws has stalled progress on UI's plans to purchase online University of Phoenix.

Pinellas County still needs to approve more than $300 million in bonds of its own for the stadium and redevelopment.

Experts are already predicting where the spending cuts will happen including the status of the tax exemption for municipal bonds.

Kevin Bain, formerly director of strategy for the city of Detroit, has joined Public Sector Consultants as a senior strategist for climate and project finance.

California's IBank has partnered with an insurer and fire resilience fund to pay for fire resilience programs.

S&P Global Ratings released a report this week warning that the credit trajectory of the Chicago Board of Education will hinge on several contested factors.

Daily report for December 06, 2024

High-yield municipal bond funds saw inflows of $534.1 million compared to $300.6 million compared the previous week, per LSEG Lipper data.

"This matter is now under active investigation by federal authorities and impacted financial institutions, who are coordinating with the White Lake Township Police Department," said Daniel Keller, chief of police, in a statement.