Rust Belt revitalization: Cities using municipal bonds to redevelop shuttered plants

Struggling Rust Belt cities are working to turn around their fortunes by redeveloping vacant industrial plants — and are using a familiar, if risky, financing mechanism to jump start the process. Post-industrial cities in the Midwest and beyond are turning to local-government bonds to fund ambitious redevelopment projects, according to Bloomberg. The project could help the cities move beyond their manufacturing heydays, though the bond issuances and the bet on real estate could be a […]

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