Bond defaults

A TIF fund established by the Alexandria Industrial Development Authority supporting a troubled hotel renovation project in downtown Alexandria, Virginia, is reported to be in default.

A judge sentenced Randy Miller to six years in prison and his son, Chad Miller, to five years. They had pleaded guilty to fraud stemming from a bond sale.

While victims' attorneys now signal support for the settlement, bond attorneys still oppose the plan.

The mega-mall's investors will receive their second payment since the reserve fund ran dry in 2022.

The school had less than one time debt service coverage last fiscal year.

The bankruptcy court told bondholders and other creditors they should vote on the proposed reorganization by Oct. 29.

The Westin Chicago Lombard's owner is returning to market with unrated bonds designed to cure payment defaults on debt issued to exit bankruptcy in 2018.

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.