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Chicago's bid for 2016 Olympics leaves pricey legacy 7 years later

July 15, 2016
Chicago Tribune

The Chicago Tribune reviews the possibilities if the City of Chicago was to host the 2016 Summer Olympics, as they had hoped. The article reviews some of the “what-ifs” regarding an Olympic Village and temporary structures within the city. Brian Battle of Performance Trust comments on the method in which the city is paying off some of its Olympics-related loans today.

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Mounting Debt Weighs Down Chicago Balance Sheet

July 12, 2016
Bond Buyer

The long-term principal and interest payment schedule for Chicago's general obligation debt swelled by about $1.7 billion last year as Mayor Rahm Emanuel and his finance team scrambled to fix a downgrade-driven liquidity quagmire that threatened the city's balance sheet. "The good news is we're taking action, that's a positive and a change in Chicago," said Brian Battle, director of trading at Performance Trust Capital Partners. The bad news, he said, is that the city is captive to the state's budget struggles and political gridlock. The city needs state approval for further pension funding changes and could lose out on its share of income tax revenue and other funds as part of a state budget solution, he added.

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Economic growth worries, oil slump drag Wall St. lower

July 5, 2016
Reuters

Stocks fell on Wall Street Tuesday following their best weekly performance of the year as investors faced continued uncertainty in the wake of Britain's decision to leave the European Union and as tumbling oil prices weighed on energy shares."Brexit is a friction on economic activity and that's bad for banks," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago."Low interest rates are horrible for financials, specifically for banks. The spread between where they borrow and where they lend is getting closer together."

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