After a long and uncertain process, the Tampa Bay Rays have finally received the green light from local governments to move forward with their plan to build a new government-subsidized ballpark in St. Petersburg, Florida. The Pinellas County Commission’s decision to commit $312.5 million from its tourist tax fund towards the $1.37 billion project has
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The League of California Cities is set to host a webinar to assist potential applicants in accessing the $3.3 billion in funds accelerated by the governor from a bond measure ratified by voters in March. This funding, to be released in August, marks the initial portion of the $6.4 billion Proposition 1 bond measure. Despite
The Louisiana Public Facilities Authority is preparing to price $1.33 billion in Baa3-rated toll bonds next week for a public-private partnership to replace the Calcasieu River Bridge. This massive project is expected to have maturities well into the mid-21st century and will be managed by JPMorgan and Wells Fargo. One of the main concerns with
Vice President Kamala Harris has made it clear that building up the middle class will be a top priority during her presidency. She believes that a strong middle class is essential for a strong America and that families need relief from the high cost of living to not just get by but to get ahead.
The process of rebuilding America’s roads and bridges with funds from the Bipartisan Infrastructure Law is facing significant challenges due to regulations and red tape. Despite the intentions behind the legislation, the actual implementation is being hindered by bureaucratic hurdles that slow down progress. This has raised concerns among proponents of the law who are
The increase in municipal bond issuance during July has been attributed to several factors such as front-loaded issuance ahead of the election, a lower rate environment, and a breakneck pace of supply. These trends have continued for the seventh consecutive month, with volume rising to $33.935 billion in 576 issues, representing a 21.2% increase from
The city of Gary, Indiana, is embarking on a revitalization effort aimed at transforming the downtown area through strategic bond financings. With projects in the pipeline such as the Gary Metro Center station redevelopment and the construction of a convention center in Lake County, the city is collaborating with Notre Dame’s School of Architecture to
The U.S. Soccer Federation is embarking on a new venture, seeking to fund its headquarters and training facility in Georgia. The federation is issuing $200 million of tax-exempt revenue bonds to finance most of the project’s $225 million cost. The Arthur M. Blank U.S. Soccer Training Center aims to be a unique facility that will
New York City is set to offer $1.2 billion of refunding general obligation bonds, marking its first deal of the fiscal year. With the market’s appetite for Big Apple debt being closely watched, there are both challenges and opportunities that come with such a significant issuance. The city’s regular presence in the market has created
California Governor Gavin Newsom recently issued an executive order aimed at clearing homeless encampments on state properties, urging local governments to utilize state funding to take similar actions. This move comes in response to the U.S. Supreme Court’s Grants Pass decision, which reversed a previous ruling restricting the removal of homeless encampments without adequate shelter