Industries & Practices

Economic Development

Financings and refinancings for institutions of higher education

Serve as bond counsel and issuer counsel to community colleges, public and private institutions and universities across Ohio seeking to take advantage of the low-interest rate environment in order to conserve institutional resources and further their educational missions.

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Bond counsel for Ohio community college for culinary arts center

Served as bond counsel to an Ohio community college in connection with the tax-exempt financing of their new, cutting-edge culinary arts center. 

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Community college $300 million voted bond issue

Served as bond counsel to an Ohio community college for its first issue of general obligation bonds approved by the Ohio county voters in a $300 million voted bond issue dedicated to financing a phased-in update to the classrooms, labs and educational facilities necessary to provide students with the technology, skills and opportunities needed to succeed in the workforce.

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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 counsel on a $16.3 million refinancing of a construction loan that involved significant PACE financing. 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 developer of mixed-use project in Dublin, Ohio known as “Bridge Park.”  The work included the negotiation of incentives, including a tax increment (TIF) arrangement and community reinvestment (CRA) tax abatement, along with the formation of a new community authority (NCA), all for the purpose of facilitating the development of the project and the financing of core infrastructure improvements, including structured parking and an events center.  Also served as bond counsel for multiple series of infrastructure and capital lease 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 known as Pinecrest, including an approximately 1,000-space parking garage.

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

Served as counsel to the Belmont County Port Authority in connection with a capital lease financing for a senior living facility located in St. Clairsville, Ohio in order to provide a sales tax incentive for the acquisition of building materials for the project.

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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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