Financing Downtown Development Projects
- The Columbus-Franklin County Finance Authority issued a new series of bonds through the Central Ohio Bond Fund to finance improvements for the One Neighborhood development
- To further promote access to the new development along the northern part of Downtown, the Finance Authority facilitated $1 million in financing to update the Long Street Garage
Downtown is booming and the Finance Authority is helping. From the PNC Tower to the Long Street garage to One Neighborhood, the Finance Authority facilitated low cost financing to support projects that improve downtown Columbus.
Financing One Neighborhood with the Central Ohio Bond Fund
As part of our ongoing support of the development of One Neighborhood, the Finance Authority recently issued tax-exempt bonds supporting the project. One of the first developers to accept the challenge of revitalizing blighted areas downtown, the Edwards Companies have transformed the former surface lots into a vibrant tree-lined living community. The new series of bonds will refinance bonds previously issued for the development and finance future improvements for additional phases of the 6th Street Mews condos, located at Gay Street. The project is financed through the Central Ohio Bond Fund program, which can be used to fund public infrastructure, acquire and/or renovate existing buildings or construct new buildings.
Financing for Central Ohio Parking Garages
The Finance Authority facilitated a $1 million loan from the City of Columbus to 56 Long Street LLC for a downtown parking garage to cover eligible rehabilitation and energy efficiency costs. By increasing functional parking downtown, the Finance Authority is working to better connect businesses with their employees, clients, and each other. The Finance Authority is committed to helping parking garage developers find the unique financing solution that is best for their project. Learn more about how we can assist with your parking garage financing needs here. To read more on the Long Street Garage renovation project visit Columbus Underground here.