MuniNet Guide articles and features
PREPA Gets a Reprieve While Detroit Strong-Arms Its Utility Bondholders
This may be as good as the muni market will get for the rest of the year. That's the first reality we all have to face. Holders of the Detroit Water and Sewerage Department (DWSD) debt have also been getting a painful dose of reality ... the City's prior attempt to restructure the terms of the outstanding revenue debt has run into stiff (and justifiable) resistance from its utility bondholders. Continue
Do Sports Teams and Venues Have a Significant Impact on Local Economies?
The economic benefit of major league sports teams, international mega-events and sport venues has become a particularly contentious public finance issue over the past few decades, according to Robert Baade, Ph.D., Professor of Economics and Business at Lake Forest College, who shares his insights in the following interview. Continue
Detroit’s Bankruptcy Repudiation of COPs Defies History
Detroit's repudiation of its COPs in bankruptcy is not supported by the history of government finance in the U.S. Repudiation of debt by states or local governments is not new, dating back as far as the early 1800's. The lessons learned from that repudiation should not be forgotten. Continue
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