Success Stories

The Columbus-Franklin County Finance Authority has provided financing for the following transactions in Central Ohio:

 
Finance Authority Finances The Wendell Project in Hilliard
The Finance Authority issued $22 million in bonds with a capital lease financing package for The Wendell Project in Hilliard, Ohio.  The Wendell Project is a 182 unit multi-family residential project on 15 acres located on Riggins Road in Hilliard...read more.
 
Finance Authority Finances Casto Tuller Flats Development
The Finance Authority issued $48 million in bonds with a capital lease financing package for the Tuller Flats Development project to be located in Dublin, Ohio...read more.
 
Finance Authority Finances Warehouse in Groveport
The Finance Authority issued $32 million in bond with a capital lease financing package to NorthPoint Development. NorthPoint will construct a one million square foot warehouse facility on 67 acres in Groveport, Ohio...read more.
 
Finance Authority First Port Authority to Access Reserves
The Finance Authority is the first Port Authority to access the Ohio Energy Loan Loss Reserve program funds from the Ohio Development Services Agency.  The Loan Loss Reserve program provides collateral enhancement to eligible Ohio Port Authorities as they originate loans for energy projects...read more.
 
Trinity Lutheran Seminary - Energy Loan
The Finance Authority has issued its first Columbus Region Energy Loan to Trinity Lutheran Seminary for its lighting and building energy improvement project.  Trinity Lutheran Seminary, located in Bexley and a 501(c)(3), has been operating for almost 100 years..read more.
 
OCLC - Equipment Financing
The Finance Authority has closed on its fourth financing with OCLC.  OCLC is planning a $30 million equipment upgrade with building improvements at its locations in Dublin and Westerville...read more.  In 2013, the Authority issued $24 million in bonds to OCLC as they continue to invest in technology infrastructure to serve libraries globally from their Central Ohio headquarters.  In 2009, the Finance Authority issued $30 million and in 2008, the Finance Authority issued $20 million in tax-exempt financing.
 
Grandview Yard
The Finance Authority issued $107 million in tax-exempt bonds to support Grandview Yard's second phase of infrastructure improvements...read more.  In 2009, the Finance issued $12 million in tax-exempt bonds to support Nationwide Realty Investors infrastructure financing for the first phase of the Grandview Yard development project...press release.
 
 
MidAmerican Global Ventures
The Finance Authority closed on a financing with MidAmerican Global Ventures to establish a EB-5 Regional Center to help Ohio businesses and qualified foreign investors fund new ventures...read more.
 
Ohio Capital Fund - Taxable R&D Revenue Bonds
The Finance Authority issued 32.1 million in bonds for the Ohio Capital Fund, a fund of funds overseen by the State's Venture Capital Authority. This is the third financing the Authority has issued on behalf of the Ohio Capital Fund...read more.  In 2013, the Finance Authority issued $83 million in bonds to refinance existing debt and raise additional funds....read more.  In 2010, the Finance Authority issued $159 million in bonds for the Ohio Capital Fund to refinance debt and raise funds...read more.

 
The Edwards Companies - One Neighborhood Phase 2 - Infrastructure Financing
The Finance Authority issued a $2.1 million revenue bond through its Central Ohio Bond Fund program, its second financing with The Edwards Companies for Phase Two of the One Neighborhood residential project in downtown Columbus...read more.  In 2010, the Finance Authority issued $2.45 million in tax-exempt bonds to support One Neighborhood's first phase through the Central Ohio Bond Fund...read more.
 
MSC Industrial Direct - Capital Lease Financing
The Finance Authority issued $35 million in taxable revenue bonds to MSC Industrial Direct for their $55 million distribution center by Bolton Field...read more.
 
Lane Avenue Redevelopment - Capital Lease Financing
The Finance Authority issued $18.5 million in taxable revenue bonds for Lane Avenue Redevelopment LLC's $37.9 million mixed-use project in Upper Arlington...read more.
 
Hubbard Parking Garage - Capital Lease Financing
The Finance Authority issued almost $10 million in bonds to finance a 250-space public parking garage in the Short North.  The garage supports E.W. High Street's $22.6 million investment in the Hubbard - a 72-room apartment building that will include retail space and the parking garage...read more.
 
Klingbeil Capital Management - Clean Ohio fund recipient
The Finance Authority was awarded a $2.3 million grant from the Ohio Department of Development’s Clean Ohio Revitalization Fund in conjunction with its project partner, Klingbeil Capital Management LLC.  The Clean Ohio funds will be used to cover the cost of environmental remediation and demolition so that Klingbeil can move forward with redeveloping a blighted and vacant industrial property...read more.
 
Kern International - Purchase/Leaseback Financing
The Columbus-Franklin County Finance Authority partnered with the Ohio Department of Development (ODOD) with a purchase/lease-back incentive package that provides Kern, Inc. of Grove City with a $2 million Innovation Ohio Fund Loan...read more.
 
Heinzerling Foundation - Refinancing
The Columbus-Franklin County Finance Authority partnered with the Huntington Bank in refinancing $4.7 million in existing debt for the Heinzerling Foundation, closing on the financing on December 30, 2010. The project allowed Heinzerling to take advantage of the tax benefits available through the Federal Stimulus package that expired at year end in 2010...read more.
 
Columbus College of Art & Design - Refinancing
The Columbus College of Art and Design (CCAD) will refinance $21.4 million of existing debt on a group of buildings clustered along Cleveland Avenue. The project is being refinanced through the Finance Authority and the Huntington Bank. CCAD’s financing will benefit from tax advantages available through the Federal Stimulus package that is set to expire on
December 31, 2010...read more.
 
entrotech - Sales-Leaseback Financing
A growing Columbus technology company will benefit from a $2 million sale-leaseback financing structure with the Ohio Department of Development and the Finance Authority.  The state tapped its Research and Development Loan program to encourage entrotech to accelerate the development of a new paint replacement film...read more.
 
Pizzuti - Tax Increment Financing
The Finance Authority has closed on a $6.7 million financing with the State of Ohio and Pizzuti to finance $10.9 million in public infrastructure improvements at Rickenbacker.  The improvements in the City of Columbus surround a one million square foot warehouse developed by Pizzuti and occupied by Whirlpool. Whirlpool created 200 jobs and retained 70 jobs as a result of the project...read more.
 
Wasserstrom
The Columbus-Franklin County Finance Authority issued $2.5 million in Recovery Zone Facility Bonds on behalf of Wasserstrom's consolidation project related to its restaurant equipment business.  Wasserstrom will consolidate Columbus distribution facilities to a new site in Northeast Columbus...read more.

 
BalletMet - Refinancing
The Columbus-Franklin County Finance Authority issued $3.45 million in bonds to refinance existing debt at BalletMet's facility on Mount Vernon Avenue in the City of Columbus.  BalletMet and the Finance Authority are financing the project in partnership with Huntington National Bank which purchased the bonds...read more.
 
3MX/Children's Hospital - Leasehold Improvements Financing
The Columbus-Franklin County Finance Authority issued $2.2 million in bond financing for the 3MX/Nationwide Children’s Hospital project in the City of Columbus. The 3MX/Children’s project was the first project in Central Ohio to take advantage of Recovery Zone Facility Bond financing available through the American Reinvestment and Recovery Act...click here for more information.
 
Cardinal Health - Lease Financing
The Columbus-Franklin County Finance Authority assisted Cardinal Health with a transaction to make its South Campus site shovel-ready.  In partnership with the Ohio Department of Development and the City of Dublin, the Finance Authority purchased the site for Cardinal and leased it back to them for 10-years.  The State of Ohio provided the up-front capital and infrastructure funding.  The City of Dublin will provide the remaining funding to ensure the infrastructure will be extended.  For more information click here.

Dynalab - Equipment Financing
The Columbus-Franklin County Finance Authority assisted Dynalab with tax-exempt lease financing for its $3.5 million project to lease equipment from National City Leasing adding a second line to its facility for the manufacture of circuit boards for electric meters.  Dynalab will move 73 jobs from a plant in Mexico to its Reynoldsburg headquarters that has a workforce of 240.  For a full press release click here.
 

Franklin Park Conservatory
The Columbus-Franklin County Finance Authority issued tax-exempt bonds to assist the Franklin Park Conservatory with its $7.1 million investment to finance a special events wing, improvements to the Palm House, and an expansion of the Show House leading to the Palm House, providing access to rooftop gardens on the two new wings.  This investment will lead to increasing the number of events the Conservatory can service at one time, new needed amenities for guests, additional rental opportunities and space for exhibitions. The tax-exempt bond is secured by a letter of credit from Fifth Third Bank.


Dancor - Equipment Financing
The Columbus-Franklin County Finance Authority closed on tax-exempt financing to assist Dancor, a small printer on the west side of Columbus, purchase a digital printing press for $1.2 million. The Columbus-Franklin County Finance Authority helped with lower cost financing to drive down costs and free up cash for other operational needs. The tax-exempt financing was made in conjunction with National City Bank.

Harrison West - Tax Increment Financing
The Columbus-Franklin County Finance Authority issued tax-exempt bonds to support neighborhood revitalization through redirected property taxes in the Harrison West neighborhood on the near north side of the City of Columbus. The project will finance $3.1 million to fund the creation of a 4-acre park along the Olentangy River on the old AC Humko site (a cleaned up brownfield). The AC Humko site has been revitalized with 286 new homes (including duplexes and condominiums) ranging in price from $157,000-$525,000.   For the full press release click here.
 
 
 
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