Grandview Crossing

The Project, in the Cities of Columbus and Grandview, Ohio, involves public infrastructure in connection with the construction of a mixed-use development including office, residential rental, retail, parking structures and a hotel. The Cities created a 30-year non-school TIF to allow for payments in lieu of property taxes based on increased values of improved properties within the Grandview Crossing Project. The Developer and Cities also created a New Community Authority (NCA) to support the Project. DFA assisted the Cities,Columbus Franklin County Finance Authority, the Developer, and NCA with financing the costs of the Project through a Tax Increment and Cooperative Agreement. DFA issued $4.1M in tax exempt revenue bonds under its Jobs & Investment Bond Fund program, together with $8M in bonds issued by the Columbus Franklin County Finance Authority. Roetzel & Andress served as Bond Counsel, DiPerna Advisors served as Financial Advisor, and Stifel served as Underwriter for this Project.