Pension Board Blinks As GM Seeks $500 Million For RenCen Refinance [General Motors]

Though no formal up or down vote has been called, General Motors may be out of luck getting the $500 million in local refinancing for its Renaissance Center world headquarters we reported on Tuesday. The Detroit News now says members of Detroit's city pension board and Police & Firefighter's Fund board think GM's refi request is too much money for the funds to support given the current global auto market. Talk about a vote of no confidence in one...