Houston to Sell Munis for $1 Billion Convention Center Expansion

Houston is counting on municipal bond investors to help fund a multibillion-dollar convention center expansion that is crucial to boosting downtown economic activity.

The Texas city plans to sell about $1.4 billion of bonds to finance the first phase of a roughly 15-year expansion project for a district that is anchored by the George R. Brown Convention Center. The first phase has a price tag of roughly $1.1 billion and involves a new 700,000-square-foot convention center building and a new 100,000-square-foot pedestrian plaza, which will provide visitors direct access to the Toyota Center, home of the NBA’s Houston Rockets. ...