CDFA Bond Finance Update - April 17, 2018

Bond Finance Update
April 17, 2018

Features

SC JEDA Uses $45.3M Bond for Tidelands Health

Tidelands Health is using a $45,295,000 tax-exempt bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to finance a new medical campus on the southern Grand Strand.

$3.8M WHEFA Bond Financing Supports Appleton, WI School

Bond financing will finance the costs associated with the construction and equipping of an addition and renovations to Mount Olive Lutheran School, including the addition of approximately 20,500 square feet to the grade school.

Sun Prairie, WI Authorizes IRB for Sani-Matic's New Facility

The Sun Praire City Council has approved the issuance of an industrial revenue bond to finance the development of Sani-Matic's proposed facility in the Park 151 development in Sun Prairie.

Bankers Picked for $10B Foxconn Project

Morgan Stanley will run the books on several deals that are part of about $360 million in local government borrowing planned for the $10 billion Foxconn manufacturing plant in SE Wisconsin.The local borrowing is part of $764 million in local incentives struck under a development agreement with Foxconn.

$135.6M WHEFA Bond Financing Assists Saint John Communities, Inc.

Bond financing facilitated by WHEFA will be used to help Saint John's Communities, Inc. finance the costs associated with the construction, renovation, remodeling and equipping of a third tower on its campus in Milwaukee, Wisconsin, consisting of 22-stories and approximately 427,000 square feet.

Harris Co., TX Bonds May Surpass $1B

Harris County Commissioners are considering a flood control bond plan for Houston and its suburbs that could range between $1 billion and $2.5 billion.

Loyola's Run Extends Beyond Sports as University Lands an Upgrade

Loyola University Chicago won an upgrade tied to its improved finances, as Moody's Investors Service raised the school and its $292 million of debt sold through the Illinois Finance Authority one notch to A1.

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JFK Planning for P3 Upgrades

The Port Authority of New York and New Jersey's planned $10 billion redevelopment of John F. Kennedy International Airport is beginning to take shape in the form of another large-scale public-private partnership.

Gateway Rail Project Faces Federal Challenges

The $1.5 billion North Portal Bridge only needs final approval to receive financing. However, the 50% local financing plan includes a $284 million federal TIFIA loan that DOT doesn't consider as a local commitment. Loan payments made in the past under the TIFIA were considered part of a local commitment.

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