The $141 million deal, rated AAA by S&P Global Ratings, seems unlikely to go sour because of inability to pay. About half the bonds will be repaid using a variety of city and county taxes, including an admissions tax, S&P says. About $70 million worth of bonds will be paid off through rental payments from the Cavaliers, S&P says.

The City of Columbus received a AAA bond rating from Fitch Credit Ratings, Moody's Investors Service and S&P's Global Ratings, the highest rating available. The rating means all three agencies consider Columbus to have exceptional credit-worthiness and can easily meet its financial obligations.

The project was envisioned to have 200 units since the beginning with a mixture of one- and two-bed units. Avondale's first phase opened in 2013, and the second phase of the project was green-lit after it received a 10-year commitment from the Federal Low Income Housing Tax Credit, or LIHTC program with about $9.4 million to fund the project via the Ohio Housing Finance Agency.

The Dayton-Montgomery County Port Authority Board of Trustees approved a $300,000 loan to a commercial building that bills itself as "the largest community of artists and artisans in the Dayton area." The DiPerna report noted that the building is 100 percent leased even in its current condition, and it said the property should become more marketable with a new, more efficient, boiler in place.

Private activity bond issuance subject to state volume caps rose for the third consecutive year in 2016, jumping by more than 55% to $20.38 billion, according to an annual survey by the Council of Development Finance Agencies.

The bipartisan bill would create a Regional Economic Development Study Committee. The committee would seek input from groups such as county commissioners, township trustees, mayors, city councils and chambers of commerce to "form recommendations on communities sharing resources and services to establish a regional economic development strategy."

The CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions. The CDFA National Summit is designed for both public and private sector participants from all areas of the country. Attendees represent a diverse cross section of the development finance industry and bring unique perspectives, creative financing approaches, and interesting conversation to the event.

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In conjunction with economic development professionals from across the state, Mike DeWine's office has created the Ohio Economic Development Manual to help current and prospective businesses, local governments, and economic development practitioners better understand the legal landscape of economic development in Ohio.

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