Lease Revenue Bonds
Series 2006*
Special Assessment Revenue Bonds
Series 2003*
$185 Million Project
Bonds were used to refund over 20 outstanding TIF bonds.
LongEDA was engaged as a Special Financial Advisor to City.
Tax Increment Financing:
• $115,900,000 Tax-Exempt Multipurpose Revenue Bonds
• $69,245,000 Tax-Exempt Multipurpose Revenue Bonds
Ohio County, West Virginia
Tax Increment Revenue Bonds
Series 2005*
$20 Million Project
Acted as Developer Financial Advisor
Project: Public Improvements related to renovation of 62,000 sq. ft. retail center with apartments, restaurants and office space
$225 Million Project
• 340,000 Square Feet of Retail
• 160 Apartments (Above Retail)
• 90,000 Square Feet of Office
• 3,000 Parking Spaces
• Developer: Bob Stark
*Financings were arranged and structured by Tim Long, President of LongEDA
St. Clair Commons Senior Housing Project
Acted as Developer Financial Advisor
TIF Project Description: Public Improvements related to Senior Housing
Private Project (Phase I): 100-unit Senior Housing Facility, with theater, libraries, bar areas, and physical therapy services
Delaware County Finance Authority
TIF & NCA Revenue Bonds
Columbus Outlets Public Improvements Project
Series 2017
$3.375 Million Project
Property Owner: Simon Property Group – Mall at Great Lakes, LLC
Issuer: Lake County Port Authority
Issuer’s Financial Advisor: Long Economic Development Advisors, LLC
Project: Energy Related Improvements to Great Lakes Mall in Mentor, Ohio.
Benefits of PACE Bonds:
• 100% financing, bond proceeds used to finance all project and financing costs.
• City levied annual special assessment equal to debt service on the Bonds.
Lease Revenue Bonds
Series 2016
Highlands Retail Project
• The Development: 600 acre mixed use development near Wheeling, WV.
• Anchors: Cabela’s, Target and WalMart.
• Tax Increment Financing: • $99,000,000 Taxable Sales Tax Increment Revenue Bonds
• $10,000,000 Tax-Exempt Property Tax Revenue Bonds
• Developer: Ohio County, West Virginia
• First Sales Tax Increment Bonds issued in West Virginia.
* Financings were arranged and structured by Tim Long, President of LongEDA
Western Reserve Port Authority
Property Assessed Clean Energy Bonds
Southern Park Mall Project
Series 2015
Port Authority Lease Revenue Bonds
Series 2005*
Landmark Lofts Project
Acted as Developer Financial Advisor
Project: Public Improvements related to $30,000,000, 200-unit multifamily project with street-level retail
$9.98 Million Project
Project: Public Improvements related to $100,000,000 Outlet Mall
Property Owner: Columbus Outlets, LLC
Issuer: Delaware County Finance Authority
Issuer Financial Advisor: Long Economic Development Advisors, LLC
Bonds Backed by Non-Tax Revenue Pledge of County
$4,205,000 Million Project
Bonds were used to fund a portion of public improvements associated with Steelyard Commons expansion.
LongEDA was engaged as Financial Advisor to Developer.
Tax Increment Financing:
• $4,205,000 Taxable TIF Revenue Bonds (Backed by Non-Tax Revenue Pledge of County)
Lease Revenue Bonds
Series 2003*
Lake County Port Authority
Property Assessed Clean Energy Bonds
Great Lakes Mall Project
Series 2012
Tax Increment Financing
Van Aken Shopping Center Project
Series 2016
$2.338 Million Project
Property Owner: Simon Property Group – Southern Park Mall, LLC
Issuer: Western Reserve Port Authority
Issuer’s Financial Advisor: Long Economic Development Advisors, LLC
Project: Energy Related Improvements to Southern Park Mall in Boardman Township, Ohio.
Benefits of PACE Bonds:
• 100% financing, bond proceeds used to finance all project and financing costs.
• Township levied annual special assessment equal to debt service on the Bonds.
Flats East Bank Development
Cleveland, Ohio
Tax Increment Revenue Bonds
Series 2010*
Delaware County Finance Authority
Lease Revenue Bonds
Westar Hotel Partners, LLC Project
Series 2017
Independence Technology Center Project
• Amount of the Bonds: $44,945,000
• Status of the Bonds: Taxable Bonds
• Issuer: Cleveland Port Authority
• Term: 15 Years
• Structure: Modified Credit Tenant Lease
• Primary Tenant: Cleveland Clinic
• Project: 225,000 Square Foot Office Bldg
• Developer: Dick Pace
*Financing was arranged and structured by Tim Long, President of LongEDA
TIF Revenue Financing
Landmark Lofts Public Improvements Project
County of Cuyahoga, Ohio
Taxable Economic Development Revenue Bonds
(Steelyard Commons Project)
Series 2013A
$44.7 Million Project
Project Description: Construction of a new 200-room full-service hotel
Location of Project: Westerville, Ohio
Bonds: Structured as Draw-Down Bonds
Lease Revenue Bonds
Series 2016
$250 Million Project
• 500,000 Square Ft. Class ‘A’ Office Building
• 545 Space Garage, Over 400 Surface Spaces & Light Rail Access
• 150 Room Aloft Hotel
• 1,200 foot Boardwalk, 14 Acre Public Park
TIF Bonds*
• $28,500,000 issued by State of Ohio, Cleveland Port and Summit Port
Port Authority Financing Lease*
• $111,000,000 Lease Bonds Issued By Cleveland Port
*Financings were arranged and structured by Tim Long, President of LongEDA
City of Carmel, Indiana
Redevelopment Authority
Tax Increment Bonds
Series 2012A and 2012B
Cleveland Clinic Project
Lease Revenue Bonds
Series 2011*
$40 Million Project
• 24,000 Square Feet of Retail & Office
• 108 Unit Homewood Suites Hotel
• $10,000,000 General Obligation Bonds
• Developer: Lane Avenue Redevelopment, LLC
• 108 Luxury Apartments
• 425 Structured & Surface Parking Spaces
• $18,000,000 Port Authority Lease Revenue Bonds
• Advisor to City of Upper Arlington: LongEDA
Cleveland Cavaliers Project
Project Description: Construction of a new 50,000 square foot practice facility
Location of Project: Independence, Ohio
Financing: $9,500,000 Cleveland Port Bond Fund Lease Revenue Bonds
$6,000,000 Summit Port Bond Fund Lease Revenue Bonds
$5,200,000 Toledo Port Bond Fund Lease Revenue Bonds
* Financings were arranged and structured by Tim Long, President of LongEDA
Lease Revenue Bonds
Series 2010*
TIF Revenue Bonds
Series 2017A
Avery Dennison Project
Type of Business: Manufacture pressure-sensitive materials & office products
Project Description: Construction of building and acquisition of equipment and certain furniture and fixtures.
Location of Project: Mentor, Ohio
Financing: $39,875,000 Cleveland Port Lease Revenue Bonds
$6,000,000 Cleveland Port Bond Fund Lease Revenue Bonds
$10,000,000 State Research & Development Loan
* Financings were arranged and structured by Tim Long, President of LongEDA
State R&D Loan*
Lane Avenue Mixed-Use
Upper Arlington, Ohio
General Obligation Bonds
Tax Increment Project
Series 2012