CHICAGO -- A group of institutional investors that own much of the $322 million of outstanding St. Paul Port Authority Common Revenue 876 bonds has requested that a petition to implement the authority's restructuring plan be withdrawn.

Michael Strand, vice president of communications at the authority, said the bondholders last week requested the authority-appointed trustee for the bondholders. First Trust National Association in St. Paul, to withdraw the petition. That petition was filed in Ramsey County, Minn., District Court in October.

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