Midwest

The Michigan Strategic Fund board approved a plan to issue $150 million in private activity bonds for developer Bedrock's Detroit development projects.

Allen Hoppe, the director of banking, investments and debt for the city of Minneapolis, retired on Friday after a long career in public finance.

Moody's Ratings revised Missouri's outlook to negative from stable, citing a large structural deficit that will push fund balances below its Aaa-rated peers.

"We do good work," said Mike LaPierre, president of GPM Municipal Advisors, which acts as advisor and staff to the Public Finance Authority and the California Community Housing Agency.

Moody's Ratings downgraded Northern Illinois University's issuer and revenue bond ratings to Ba1 from Baa3.

Three University of Chicago public policy graduate students devised a Stadium Securitization Corporation, modeled after Chicago's Sales Tax Securitization Corp.

The Illinois House advanced a megaprojects bill that could enable the National Football League's Chicago Bears to stay in Illinois.

While moratoriums on artificial intelligence hubs and public pushback against data centers dominate the news, more than 800 Midwest communities have approved major data centers, with Illinois as a growing hotspot with 229 sites.

The PFA owns nine bond-financed credits, ranging from proton cancer therapy centers to student housing. All but one are in default.

Nebraska Gov. Jim Pillen vowed to pass sweeping property tax reform in 2027 after Nebraska legislators failed to deliver relief this year.