If taxpayers are sinking almost $70 billion into GM, one would hope that we have a chance of being repaid. At least we can hope to get most of our money back, right?

Well, those hopes rest on a series of…

The Memphis Redbirds, the AAA farm club of baseball’s St. Louis Cardinals, are in default on their stadium bonds.

The team issued $50 million worth of bonds  in 1998 to pay for the acquisition of the team and the construction of…

Sales are up this year at the Gravois Bluffs shopping center in Fenton, but Fitch Ratings thinks the closing of the nearby Chrysler plant has made the project a riskier investment.

Fitch downgraded Gravois Bluffs’ debt today to BBB-minus, its lowest…

Bill DeWitt III, president of the St. Louis Cardinals, was talking return on investment during a speech this morning at the Regional Chamber and Growth Association. The investors are the taxpayers of Missouri and St. Louis, and the investment is…

Consulting firm Jones Lang LaSalle Hotels, hired to assess the operations of the Renaissance Hotel in downtown St. Louis, has issued some preliminary recommendations to the bondholders who now own the hotel. It has identified between $250,000 and $1 million of cost…

Bit by bit, Anheuser-Busch InBev is successfully refinancing the roughly $45 billion in debt it took on in November. The debt, of course, was needed to buy St. Louis brewer Anheuser-Busch for $52 billion.

Today, A-B InBev sold $944 million of…

Bi-State Development Agency, which is reducing service on its Metro buses and trains next month to rein in its deficit, got more bad news today from Fitch Ratings. The credit rating agency downgraded a series of Bi-State sales tax bonds,…

The Renaissance Hotel in downtown St. Louis isn’t likely to change flags as a result of a pending foreclosure action, the trustee for the hotel’s bondholders says. The trustee, UMB Bank, posted a disclosure notice following a conference call last Thursday with bondholders.…

The Renaissance Hotel is experiencing even worse financial results than officials projected a month ago, general manager Robert Bray told bondholders recently. His comments are contained in a disclosure document filed this week by UMB Bank, the hotel’s bond trustee.

The…

The legal troubles of Illinois Gov. Rod Blagojevich already have cost the state more than $20 million, according to Treasurer Alexi Giannoulias, and he’s not including the tab for a special legislative session to consider impeachment.

On the day of the arrest last…