A new engineering and science building highlights plans for the new-money share of the University of Chicago’s award-winning deal.University of Chicago When the University of Chicago’s deal team embarked on the largest financing ever issued through the Illinois Finance Authority, the team had several goals. One was to transform the university’s capital structure; another was

<img src=”https://public.flourish.studio/visualisation/20381307/thumbnail” width=”100%” alt=”chart visualization” /> Municipals improved Tuesday as U.S. Treasury yields fell and equities ended mixed. Triple-A muni yields were bumped one to six basis points, depending on the curve, while USTs saw small gains across the curve with the best performance out long. The secondary took a backseat to the primary market

“The deal demonstrates how smaller issuers can leverage innovative solutions to fund environmental projects at the local level,” said Justin Carl, AlexRenew’s general manager and CEO. In June, AlexRenew became the first wastewater authority in the Commonwealth of Virginia to issue green bonds with a $45.7 million deal to fund projects that provide a positive

Santa Barbara, California, will tap the municipal bond market this week, largely to fund a new police headquarters.Adobe Stock One of Southern California’s wealthy cities is tapping the municipal bond market to build a new police station and renovate an oceanfront park.  Santa Barbara — where the median home sells for roughly $2 million —

A May aerial photo shows progress of New Terminal One construction at New York’s Kennedy airport.JFK New Terminal One The developers of New Terminal One at New York’s John F. Kennedy International Airport are in the position that any salesperson would want: they have something you can’t find anywhere else. It’s the biggest airport public-private

<img src=”https://public.flourish.studio/visualisation/20321862/thumbnail” width=”100%” alt=”chart visualization” /> Triple-A yield curves were little changed Friday ahead of an $8.4 billion new-issue calendar while U.S. Treasuries saw small losses across the curve and equities were in the red as mixed economic data, hawkish Fedspeak and major announcements on how President-elect Donald Trump’s new administration may take form hangs

Dallas Police Department officers in 2022. Moody’s Ratings said the negative rating outlook for Dallas reflects the expected credit impact of voter-approved Proposition U, including reducing the city’s fiscal flexibility and boosting the Police and Fire Pension System’s liability by increasing police starting salaries and the number of officers.Bloomberg News Voter approval of a Dallas

Hawaii Gov. Josh Green toured the scene of Maui wildfires in August 2023. The disaster slowed visitor growth, rating analysts said.Hawaii Governor’s Office Hawaii will head to market in early December with double-A category ratings affirmed as it prices $750 million of taxable general obligation bonds in a negotiated deal. Recovery of tourism, pivotal to

 ”I have been laser focused on ensuring that the jobs created by this project go first and foremost to district residents,” said D.C. at-large, Councilman Kenyan McDuffie, “and that district-based companies receive the bulk of the contracts associated with this project.”  D.C. City Council The bond-financed renovation of Capital One Arena in downtown Washington D.C. is

Chicago’s City Hall. The City Council on Thursday soundly rejected Mayor Brandon Johnson’s proposed property tax increase, part of an effort to close a yawning fiscal 2025 budget gap.Adobe Stock The Chicago City Council delivered a strong rebuke of Mayor Brandon Johnson’s fiscal 2025 budget on Thursday, voting down a proposed $300 million property tax

James Monroe High School students in the school’s Creative Arts building, which was financed with LAUSD Build America bonds.LAUSD After more than a decade of cuts to the promised subsidy that underpinned Build America Bonds, dozens of issuers pulled the plug on that structure this year. The Los Angeles Unified School District was in the