"Sports- and entertainment-based facilities have had a really mixed history of success, so investors are becoming pickier about what they do, " said Joseph Krist, a municipal-credit analyst with a unit of Swiss bank UBS AG.
The Melvins, who have essentially never stopped touring or recording with 20 studio albums to their name, were friends and mentors to Nirvana's Cobain and Krist Novoselic, who hailed from the same rural part of Washington state.