Bond defaults

The largest investors in the Brightline Florida train have negotiated new terms ahead of an Aug. 13 repayment deadline.

Six years after opening, the mall has higher sales, more attractions, and a lower property value assessment.

A group of local residents in upstate New York is planning to buy the shuttered Cazenovia College campus for $9.5 million.

Prices for some bonds issued for Florida's express train have fallen sharply since Friday.

Downtown College Prep, a charter school operator in San Jose, defaulted on $34 million of municipal bonds, citing the area's dwindling number of children.

The archdiocese allegedly backed away from repeated promises bond parties would be paid in full, they said.

The U.S. Virgin Islands WAPA said the Public Service Commission's reduction of electric rates jeopardizes its ability to pay bills and provide electric service.

Notre Dame College in Ohio faces legal action on at least three fronts after defaulting on bond debt and a swap agreement and allegedly misusing donor funds.

The $44 million of unrated bonds, placed only with qualified investors, feature 9.5% coupons.

The cut to the American Dream mall's assessed value is a warning sign to bondholders whose debt payments are tied to how much the property is worth.