In cooperation with Columbus Franklin County Finance Authority and Toledo Port Authority, Development Finance Authority of Summit County (DFA) issued $4,790,000 in Tax-Exempt Development Revenue Bonds under the Authority’s Jobs & Investment Bond Fund program to fund a portion of the Bridge Park Development located in Dublin, Ohio.  Total financing of the project exceeds $13,000,000.

Proceeds of the bonds will be used to refund prior bonds as well as finance the costs of the acquisition and construction of an approximately 321-space public parking garage, all as part development of a mixed-use project, including residential units, commercial and retail spaces.

The Project involves land acquisition in connection with the construction in the City of Columbus, Franklin County, Ohio of a planned 342-unit apartment complex, 14,000 square feet of retail and 50-attached condos by WTD Development, LLC.  The Developer intends to sell adjacent land for the construction of a proposed 160-room hotel by Continental Real Estate Companies, 42 detached condo units by MI Homes and a 195-bed senior living facility by Lemmon Development.  In connection with the Founders Park Development, the Developer and the City will create a New Community Authority, known as the Harrison Market New Community Authority.  The City will also adopt a TIF ordinance covering the Founders Park Development. The Authority will assist the City, the Columbus Franklin County Finance Authority, the Developer and the New Community Authority with financing the costs of the Project under a Cooperative Agreement entered into with the City, the Columbus Finance Authority, the New Community Authority and the Developer.