Washington Higher Education Facilities Authority (WHEFA) has released their annual report for 2015, which details ongoing finance projects and last year's successes as well as listing outstanding bonds issued by the organization throughout the state.

Business Wire reports that Fitch Ratings has assigned a AA rating to six different revenue refunding bonds issued by Energy Northwest, the Port of Morrow, and the Lewis County Public Utility District, citing positive credit profiles, regional cooperation debt plans, and reliance on net secondary revenues.

Moody's Investor Service assigned an Aa2 rating to Benton County's general obligation refunding bonds, reflecting the district's sizeable and stable tax base, healthy liquidity and reserves, and growing student enrollment.

The Bond Buyer reports that Washington State Treasurer James McIntire was the Treasury and the IRS to create a safe harbor for competitive sales of muni bonds in their re-proposed issue price rules, citing concerns from dealer and issuer groups.

The Port of Vancouver has announced plans to begin construction next year on a biotech park that will be a part of a 10-acre mixed-use complex on the Columbia River. A master plan for the complex calls for 100,000 square feet in the biotech park, 12,000 square feet of retail, and a 32,000 square-foot public marketplace and parking.

According to The Bond Buyer, the February 9th special election for eleven different bond proposals and levies in Thurston County was successful with ten out of the eleven school and fire district proposals passing.

As reported by the Business Examiner, the 225 room Sheraton Hotel opened on February 11th. The project began in 2013 when a Shanghai real estate company finalized EB-5 funding.

Thursday, April 21, 2016 from 2:00 – 3:30pm EST
Join CDFA, EPA, and experienced brownfield communities as we discuss the key features of a successful Brownfield Revolving Loan Fund and the commonalities and challenges associated with implementing this underutilized financing resource. Learn how even the most challenged or understaffed communities can implement Revolving Loan Fund loans and sub-grants. 

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