Port Authority closes on $7.5M bond transaction

The Warren County Port Authority closed on its first bond fund transaction Friday.

The newly created Ohio Communities Accelerator Fund (OCAF) closed on a $7.5 million transaction for the Warren County Convention and Visitors Bureau and the forthcoming Warren County Sports Complex at Union Village.

The complex is scheduled to open in 2019.

The bonds were privately placed at a fixed rate of 3.36 percent. Bricker and Eckler was bond counsel and Bradley Payne Advisors acted as adviser to the transaction.

OCAF is a lending program designed to make capital available to public communities and private parties that seek to develop new capital assets or support existing ones.

OCAF seeks to work collaboratively with both public and private participants.

The mission of OCAF is to deliver excellent client service, speed to market, and innovative solutions for public and private projects.

For more information, call 513695-2090 or visit www.warrencountyport.org.