Chicago’s convention center and two health systems add COVID-19 disclosure – The Bond Buyer

The Metropolitan Pier and Exposition Authority warned about the potential effect of a pandemic or health epidemic as a factor that could drive economic changes that could impact revenues. The authority's bonds are backed by taxes on Chicago-area hotel stays, car rentals and other tourist services, with statewide sales tax revenues allocated by statute to cover shortfalls between those annual tourism tax revenues and debt service. The authority also owns two hotels, the Wintrust Arena and Navy Pier, which are privately operated.