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UMB claims the bonds for the Kansas hotel project are in default because the developer failed to secure a $52 million loan required by the bond indenture.July 6
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As officials in the tourism-dependent county prepare for a resurgence of tourism as attractions reopen, they are also dealing with a surge of COVID-19 cases.June 24
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An appellate court will weigh whether a financing agreement on the Platte County IDB bonds attached more than just a moral obligation pledge.June 23
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The ratings on the Louisville, Kentucky's KFC Yum! Center bonds were lowered to BBB-plus by S&P because of expected operational difficulties.June 22
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The shutdown of struggling Destiny USA due to COVID-19 could prompt more gambles from the property owner, a local expert says.June 18
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Federal judge rules in favor of Georgia's MEAG and JEA will need to continue to pay debt service on bonds used for nuclear reactor construction.June 18
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With about two weeks before the fiscal 2021 starts, the Florida Legislature still hasn't submitted a budget to Gov. Ron DeSantis.June 15
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California blasts West Valley Water District for financial control failures, including awarding contracts without a bidding process.June 12
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The bond-funded New Jersey megamall has never fully opened and there's no timetable for reopening following the coronavirus-induced shutdown.June 11
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The suit contends Aaron Zahn defrauded the Jacksonville municipal utility while trying to privatize it; eight high-ranking employees were suspended this week.June 10
