Offer emerges for bankrupt, bond-funded Arizona sports venue

A $25.5 million cash offer plus some equity was made to acquire Legacy Park, a Mesa, Arizona, sports venue that was financed with $284 million of now-defaulted municipal revenue bonds.

Save the date of Feb. 8 for The Bond Buyer National Outlook conference in New York.

Municipal market veteran Stephen Winterstein ’s strong interest in technology has been a constant in his 30-year career. After decades in the business and working with other firms focusing on tech, Winterstein said opening his own shop was the next logical step. His firm, SP Winterstein & Associates, advises buy-side and sell-side clients

Read the newest research from The Bond Buyer on how environmental, social and governance factors fit into the municipal bond landscape.?

The biggest challenge to the public finance industry at large remains market volatility, according to respondents in The Bond Buyer's Live Market Survey. Forty-six percent named it their top concern, with a recession or economic downturn coming in second at 33%.

Click to see the first half’s top issuers, underwriters, and financial advisors.

The New York Metropolitan Transportation Authority completed a bond rating hat trick as Fitch Ratings upgraded the agency’s transportation revenue bonds to A from A-minus. The MTA also enjoyed recent upgrades from S&P Global Ratings and Moody’s Investors Service.?

Check out our most recent Rising Stars and the second class of Muni Hall of Famers.

Chattanooga, Tennessee's public power utility board voted to approve the issuance of $125 million of new electric utility revenue bonds for improvements and new construction on local power networks.

Learn how industry leaders meet the challenges facing public finance and infrastructure by listening to The Bond Buyer’s podcast, available on our website or your podcast player of choice.

The Senate voted 98-0 to confirm Michael Whitaker, a career aviation executive, as administrator of the Federal Aviation Administration, filling a position that had been vacant since March 2022.

Market volatility continued as municipals were slightly weaker in spots Wednesday but outperformed U.S. Treasuries, which saw the greatest losses out long. Equities ended down. Munis were cut up to three basis points, depending on the scale, while UST yields rose up to as much as 14 basis points in 30 years.

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