In a striking move that could shift the landscape of Houston’s downtown, local officials have announced a substantial $1 billion expansion plan for the George R. Brown Convention Center. At the heart of this ambitious phase one project lies a formidable 700,000-square-foot exposition building, poised to bolster Houston’s stature in the competitive world of conventions
Bonds
In an audacious move that could redefine its financial landscape, Fort Worth, Texas, is gearing up to issue nearly $400 million in debt this year. This decision reflects an eagerness to tackle pressing urban infrastructure needs, but it also raises eyebrows about fiscal responsibility. As the nation’s 12th largest city prepares for a potential $800
Memphis, Tennessee, is facing a daunting financial challenge as evidenced by the recent downgrade of its sanitary sewerage system revenue bonds. The shift from an A-plus rating by S&P Global Ratings to a disappointing A-plus, coupled with Moody’s maintaining an Aa2 rating but downgrading its outlook to negative, signals a serious risk to the city’s
On Wednesday, Wisconsin is set to launch a significant financial initiative with the issuance of $253.9 million in Series 2025A general obligation bonds. This strategic move not only seeks to bolster the state’s infrastructure but also addresses pressing projects, such as the replacement of the John A. Blatnik Bridge, which is critical to regional connectivity.
As the municipal bond market experiences a notably stable phase, the dynamics between tax-exempt bonds and U.S. Treasury yields warrant examination. On a recent Thursday, the market displayed minimal fluctuations, noting that the inflow of funds into municipal bonds continued steadily. At the same time, U.S. Treasury yields climbed marginally, leading to dips in equity
The proposed budget for fiscal year 2026 presented by Tennessee Governor Bill Lee has sparked conversations alike, indicating a significant shift in the state’s approach to funding its capital projects. This budget is not simply an annual financial plan; it hints at a long-term strategy for managing the state’s infrastructure and financial stability in light
The municipal bond market has recently exhibited a mix of firmness and volatility, as evidenced by a decrease in U.S. Treasury yields and mixed performances in equity markets. Understanding the dynamics at play in the municipal bond sector is crucial for investors looking to navigate this complex landscape effectively. The shifting landscape of U.S. Treasury
The Northeast region of the United States witnessed unprecedented activity in its municipal bond market throughout 2024. A remarkable surge in issuance, reaching an impressive $132.3 billion, signals not only a renewed confidence in local governments and infrastructure projects but also highlights the overarching trends shaping public financing mechanisms amid varying economic conditions. The municipal
The announcement of **Brightline West**, the highly anticipated bullet train project connecting Las Vegas and Los Angeles, marks a significant milestone in the realm of high-speed rail transportation in the United States. On a notable Thursday, the venture began selling **$2.5 billion** worth of unrated private activity bonds. These bonds boast yields akin to nearly
In a significant move to bolster Louisiana’s financial health, the State Bond Commission has authorized the upcoming sale of $400 million in general obligation bonds. This bond sale, set for competitive bidding on April 9, represents a critical financial maneuver to address various fiscal requirements across the state and local entities. The funds generated from