Scottsdale Bond Ratings Stumble
Moody’s Investors Service issued a press release dated 14 November 2014 (between post-election press obsession and Thanksgiving, which may explain why the Republic and KJZZ missed it) announcing that it has assigned a AA1 rating–one notch below AAA–to bonds Scottsdale’s leaders are issuing to pay for improvements at the taxpayer-owned golf facilities known as the Tournament Player’s Club […]
Boom, Bust, and Bubbles: Apartments and Office Space
Mike Sunnucks posted up another nugget-filled Phoenix Business Journal column recently. Thanks to ScottsdaleTrails reader BL for bringing it to my attention. The first two of Sunnucks’ predictions for 2015 leap right off the page: 1. Tempe’s building boom: There’s no way all the planned developments and proposed hotels in Tempe are going to get built. The […]
Arizona: The Most Corrupt State in America
Matthew Hendley covered this topic in his recent Phoenix New Times article, “Arizona’s the Most Corrupt State in America, According to Survey.” The survey of reporters was conducted by researchers Oguzhan Dincer and Michael Johnston working under the mantle of the Edmond J. Safra Center for Ethics at Harvard University. What Hendley fails to mention is that […]