• facebook
  • twitter
  • sign up today!

Illinois Finance Authority

Finance Authority Board OKs $15.4 million Shakespeare Theater deal

The Illinois Finance Authority Board during a Thursday meeting unanimously approved a $15.4 million bond sale, the proceeds of which will allow Chicago Shakespeare Theater to expand its space at Navy Pier.

Rauner appoints Rockford businessman as chairman of Finance Authority Board

Gov. Bruce Rauner on Monday announced the appointment of Rockford businessman and real estate developer Rob Funderburg, Jr. as chairman of the Illinois Finance Authority Board. He will succeed Bill Brandt, who announced his resignation from the board last month.

Top Rauner choice passes on key finance job

Finance Authority Board Chairman Brandt to resign

Bill Brandt plans to resign from his position as chairman of the Illinois Finance Authority Board of Directors later this month.

Brandt told the Daily Whale on Tuesday that he is leaving the board to focus on his work with Chicago-based financial advisory firm Development Specialists, Inc. He currently serves as the firm’s president and CEO. Brandt’s resignation was announced during the IFA Board’s Tuesday meeting and takes effect on March 31.

State agency brokers financing for major NW Illinois hospital

Centegra Health System, which is the largest employer in Northwest Illinois’ McHenry County, has secured financing through the Illinois Finance Authority to build a fourth hospital facility.

IFA Board OKs funding for downstate, West Suburban health care providers

Illinois Finance Authority Board members on Tuesday unanimously approved $140 million in conduit bonds for Springfield-based health care provider Memorial Health System.

The hospital network intends to use proceeds of the bonds to finance the redevelopment of its Memorial Medical Center in Springfield, according to the IFA Board’s meeting agenda. Under the redevelopment plan, the hospital plans to add a 115,000-gross-square-foot, three-level patient tower with 114 private beds and a 34,400-square-foot, two-level structure with six new operating rooms.

Illinois Finance Authority approves loans for Lincoln Park Zoo expansion

The Illinois Finance Authority on Thursday approved the issuance of $30 million in bonds to cover the costs of the Lincoln Park Zoological Society’s construction of new habitats and the expansion of its education center.

According to IFA documents, the Zoological Society is a nonprofit organization that was established in 1959.

Elmhurst Memorial plans $140 million re-fi

Illinois Finance Authority to issue $175 million bond for clean water projects

Illinois Finance Authority Executive Director Chris Meister said his agency plans to issue a $175 million bond “in November or December” to finance Gov. Pat Quinn’s Clean Water Initiative, which funds municipal water infrastructure projects. The IFA Board approved a resolution on Tuesday that green lighted the bond. 

IFA Board approves $375M re-fi for Presence Health Network

The Illinois Finance Authority Board on Tuesday approved the refinancing of $375 million in debt for the Presence Health Network.

The refinancing will allow Presence, the largest Catholic health system in Illinois, to benefit from a lower capital cost, IFA Executive Director Chris Meister wrote in a message to the board. The health system operates 12 acute care hospitals in the area – many of which are safety-net hospitals – as well as 27 senior living centers.