Long Economic Development Advisors

$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)

$90,000,000


Lease Revenue Bonds
Series 2003*

$44,945,000


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

$13,000,000


Lease Revenue Bonds
Series 2016

$4,500,000


TIF Revenue Financing
Landmark Lofts Public Improvements Project

$20,700,000


Lease Revenue Bonds
Series 2006*

$76,175,000


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

$109,000,000


Ohio County, West Virginia
Tax Increment 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 ​​

$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

$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

Crocker Park Project, Westlake, Ohio

$17,500,000


Lease Revenue Bonds
Series 2016

$111,000,000


Lease Revenue Bonds
Series 2010*

$10,000,000


Lane Avenue Mixed-Use
Upper Arlington, Ohio
General Obligation Bonds
Tax Increment Project
Series 2012

$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

$4,205,000


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

$45,875,000


Port Authority Lease Revenue Bonds
Series 2005*

Highlighted Projects

$2,335,000


TIF Revenue Bonds
Series 2017A

$20,000,000


Tax Increment Financing

Van Aken Shopping Center Project
Series 2016

$44,700,000


Delaware County Finance Authority

Lease Revenue Bonds
Westar Hotel Partners, LLC Project
Series 2017

$3,375,000


Lake County Port Authority
Property Assessed Clean Energy Bonds
Great Lakes Mall Project
Series 2012

$185,145,000


City of Carmel, Indiana
Redevelopment Authority
Tax Increment Bonds
Series 2012A and 2012B

$9,980,000


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.

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

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

$2,338,000


Western Reserve Port Authority
Property Assessed Clean Energy Bonds
Southern Park Mall Project
Series 2015

$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

$28,500,000


Flats East Bank Development
Cleveland, Ohio
Tax Increment Revenue Bonds
Series 2010*

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

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

$10,000,000


State R&D Loan*

$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.

Unparalleled Experience & Innovative Solutions

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