Industries & Practices

Economic Development

Conversion of a former munitions factory

Served as counsel to a port authority for a capital lease transaction, providing a sales tax exemption to the developer and property owner. The transaction enables the conversion of a former munitions factory to a 240,000-square-foot mixed-use space, including apartments, restaurants, retail and parking.

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Ohio’s largest PACE transaction

Served as PACE counsel on the $16.3 million refinancing of a construction loan. The project funds eligible upgrades to a hotel near The Ohio State University campus in Columbus, Ohio. Energy efficient improvements include upgrades to the lighting and the building envelope.

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Cleveland-area solar farm development

Represented Cuyahoga County in closing a $10 million financing transaction for the development of a solar farm on former landfill property near Cleveland. The solar farm covers 17 acres and consists of over 35,000 panels – the largest in the state. Likewise, the firm negotiated several related agreements, including a 30-year power purchase agreement. The project was completed in summer 2018 and was named Solar Builder’s “2018 Gold Project of the Year.”  

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$1.6 billion development in Warren County

Served as special counsel to a township in connection with a 1,230-acre, $1.6 billion mixed-use development in southwest Ohio. The transaction involved negotiating and structuring a tax increment financing (TIF) program with 22 incentive districts and 8 parcel TIFs, and the establishment of a new community authority to finance the infrastructure necessary to make the development possible.

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COTA downtown bus pass program

Assisted the Capital Crossroads Special Improvement District with structuring and creating a process for implementing a program to encourage 43,000 downtown Columbus, Ohio, commuters to bus to work. Capital Crossroads SID is an organization that represents business owners working to keep the downtown area a clean and safe place to work and live. The goals of the bus pass program are threefold: address the limited downtown parking situation, fill vacant offices and improve air quality.

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Economic development counsel for large scale mixed-use development

Assisted a developer with the negotiation of a development agreement with the City of Dublin for the mixed-use redevelopment project known as Bridge Park. The work included the creation of a new community authority and the implementation of multiple tax increment financing (TIF) arrangements to provide a portion of the revenue stream necessary to secure bonds issued in multiple series to fund core infrastructure improvements, including structured parking and an events center.  Also served as bond counsel for multiple series of bonds issued by the Columbus-Franklin County Finance Authority.

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TIF counsel for Northeast Ohio redevelopment

Served as special counsel to Orange Village for the implementation of a tax increment financing (TIF) program to facilitate a mixed-use development, including an approximately 1,000-space parking garage.

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Port counsel for tax-advantaged lease-purchase financing of a senior living facility

Served as counsel to the Belmont County Port Authority in connection with a lease-purchase financing for a senior living facility located in St. Clairsville, Ohio.

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TIF negotiation and documentation

Served as counsel to numerous local government entities across Ohio in negotiation of tax increment financing (TIF) arrangements for commercial developments of all types and sizes.

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$80 million Water Street development

Represented the City of Dayton in an $80 million private commercial and residential development at Water Street. This development involved the use of TIF and special assessment financing to pay the costs of a 400-unit parking garage and related road improvements.

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$25 million rehabilitation of Dayton's Delco building

Served as bond counsel to an Ohio port authority in the financing of efficiency upgrades to Dayton's Delco building, a historic landmark located in the city’s Water Street District. The bonds will be repaid using the PACE financing tool. Additionally, the project has received state historic tax credits, and the Delco building has been nominated to the National Register of Historic Places.

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$3.3 million energy upgrade to Columbus’ PNC building

Served as bond counsel to an Ohio port authority in the financing of efficiency upgrades to the downtown Columbus PNC Plaza building. These upgrades were part of a PACE financing program. The deal included a low-interest loan from Franklin County in addition to the bonds that the finance authority sold. The project is expected to save the owner of the building about $187,000 per year.  

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