Multipurpose Arena Venue Project
Key facts
- Latest action
· City Council Work Session
Result: Informal Report - no vote · Amount: $1.5B
- Money
$1.5B in total financial activity across agenda items that mention this project.
Largest single item: $1.5B on (2026 Debt Plan - Bond Sale Results - Alex Laufer, Financial Management Services Assistant Director and Brit Stock, Debt Manager)
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Activity Timeline
September 2026
Reports final pricing results and credit rating outcomes for the City's 2026 Debt Plan bond issuances, including GO debt, Water and Sewer revenue bonds, and Convention Center Venue Project bonds. The Water and Sewer System was upgraded to AAA by S&P and GO debt to AA+ by Fitch.
…to Positive from Stable. Further, the City’s existing Special Tax Bonds for the Multipurpose Arena Venue Project received an upgrade from Fitch, while the Convention Center Venue Project’s rat…
August 2026
Fitch upgraded the City’s issuer and limited tax bond ratings to AA+, while Moody’s revised its outlook to Positive, citing economic growth, financial management, and improving pension funding.
City credit ratings strengthened by Fitch upgrade, Moody’s outlook