LOS ANGELES -- The Los Angeles City Council Finance Committee on Tuesday voted to sell competitively a large convention center certificate of participation issue despite concern and criticism from some underwriters.

Tuesday's vote, which caps a months-long process in which the city initially pursued assembling a negotiated underwriting team, came at a contentious hearing marked by tense talk between committee members and municipal market representatives.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.