Demand weak for prison bonds; Lights go on at Sloss; Huntsville housing market cools; How Huntsville became a music city

Underwriters were short around $200 million of orders on the state's prison bond deal as of Tuesday. Demand was weak for the 30-year maturity in particular.

Demand weak for prison bonds

Underwriters handling bonds to build new Alabama prisons are having trouble finding investors. A lawsuit filed by prisoners, demanding that money be used to improve conditions before covering interest on bonds, has dampened interest, experts say. As of Tuesday, the bond deal was running about $200 million behind of the hoped for $725 million. – Bloomberg


Lights go on at Sloss

Just in time for the World Games, Birmingham’s historic Sloss Furnaces has added new, energy-efficient lighting to make it more visible at night. — Alabama News Center

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Huntsville housing market cools

Real estate sales in Huntsville were down 4.4% in May, the first hint of a slowing market. The change follows an interest rate uptick put in place by the Federal Reserve. — WAFF 48-TV


How Huntsville became a music city

Four years of planning have paid off for Huntsville as music venues open and boost tourism. — Brookings


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