• FAQs Are you looking for information, but not sure where to start? You might find your answer here!
  • Toledo Region It matters where you make it.
  • Events Click for more information on current and upcoming events and contests!
  • Careers Click to view all open positions at the Toledo-Lucas County Port Authority.
  • Energy & Finance Learn more about the Port's energy and finance programs!
  • Community Programs The Port Authority has several programs in place to assist start-up and existing ventures in the Toledo Region.
  • Foreign-Trade Zone Learn more about Foreign-Trade Zone #8.
  • Revolving Loan Fund Click here to learn more about the Revolving Loan Fund.
  • The Port of Toledo The Port of Toledo is home to 15 terminals linked to global markets through the Great Lakes/St. Lawrence Seaway System.
  • Toledo Shipyard Owned by the Port Authority and operated by IRONHEAD Marine, the skilled workforce at the Toledo Shipyard provides a variety of services.
  • Dr. Martin Luther King, Jr. Plaza The Downtown Toledo Train Station is home to Amtrak and Greyhound!
  • Eugene F. Kranz Toledo Express Airport TOL offers nonstop and connecting flights to over 100 worldwide destinations on American Airlines and nonstop flights to popular vacation destinations in Florida on Allegiant.
  • Toledo Executive Airport TDZ is primarily used for corporate aviation, premium air freight services, emergency aviation services, law enforcement, flight training, and privately owned aircraft.
  • Airport Properties Click here for more information on available properties at Eugene F. Kranz Toledo Express Airport.
  • Public Notices Click here to view all projects being bid by the Toledo-Lucas County Port Authority.
  • Supplier Recruitment To start a business relationship with the Port Authority, click here to register your company to be included in our Supplier Database.
  • Press Releases Check out the Port's latest news releases.
  • Videos Check out the Port's latest videos.

Bond Programs

NORTHWEST OHIO BOND FUND

The Northwest Ohio Bond Fund provides small and medium-sized companies access to the national capital market as if they were A- Investment Grade companies. It provides:

  • Financing for projects from $2 million to $25 million
  • Fixed interest rates for full term of the bonds
  • Typically 90% financing and 10% equity
  • Financing up to 30 years for land and buildings
  • Financing up to 10 years for equipment
  • Tax exempt bonds for manufacturing, non-profit 501(c)3 and governmental operations
  • Taxable bonds for all other projects

INFRASTRUCTURE FINANCING

Infrastructure Financing helps developers, governmental entities and other organizations finance improvements such as streets, curbs, and parking facilities. The Toledo-Lucas County Port Authority has provided over $100 million in Tax Increment Financing (TIF) and special assessment-backed bonds in tax-exempt, long-term, fixed-rate bond financing. Other benefits include:

  • Possibility of 100% financing
  • Lower cost of construction
  • Fixed interest rate, tax exempt financing
  • Terms of up to 32 years

CONDUIT BOND STRUCTURE

The Toledo-Lucas County Port Authority can serve as the Issuer for the purpose of making proceeds available to an entity in furtherance of a public purpose by way of Industrial Revenue Bonds, Hospital Revenue Bonds, Non-Profit Bonds and Housing Bonds.

  • Financial strength based upon credit of the company or non-profit organization 
  • Rated or non-rated bonds sold in capital markets or privately placed with banks
  • Capacity to issue bank-qualified, tax-exempt debt

CAPITAL LEASE TRANSACTION

The Toledo-Lucas County Port Authority can provide bond financing of large construction projects with a Capital Lease Option that enables borrowers to take advantage of sales tax savings.

  • Savings of State & Local sales tax on construction materials
  • Lease payments will fully amortize debt
  • Buyout option allows company to buy asset for $1 at the end of lease
  • Assets & liabilities are placed on the company's balance sheet
  • No Prevailing Wage Requirement
  • Reduces construction costs and improves Loan-to-Value

For more information:

Craig Teamer 
Manager, Finance & Special Projects 
Email: cteamer@toledoport.org
Phone: 419.243.8251

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