$144 MILLION ISSUED IN BONDS TO DATE

The Lorain Port Authority has helped to finance a number of projects in the city of Lorain and surrounding areas.

Ariel on Broadway

Financing a 55 room hotel and rooftop conference center

  • 2019
  • $10 Million
  • Capital Lease Financing

Horizon Education Center

Building of a facility for Horizon Education Centers in Cleveland

  • 2018
  • $7.6 Million
  • Tax Exempt Revenue Bonds

Camaco Expansion

Constructing and equipping an expansion of the Camaco LLC manufacturing plant in Lorain

  • 2016
  • $4.6 Million
  • Capital Lease Financing

Ohio Guidestone

Financing and refinancing Port Authority facilities

  • 2016
  • $7.8 Million
  • Economic Development Revenue Bonds

Clover

Financing a Port Authority facility for a 125 unit independent senior living facility

  • 2016
  • $6 Million
  • Capital Lease Financing

Fairfax Renaissance Development Corporation

Refunding Cuyahoga County Ohio multi-mode variable rate civic facility revenue bonds

  • 2013
  • $6.225 Million
  • Variable Rate Revenue Bonds

Altenheim Project

Refunding Cuyahoga County Ohio adjustable rate demand health care facilities revenue bonds

  • 2012
  • $10 Million
  • Variable Rate Revenue Bonds

Marshall Plaza Apartments

Financing the acquisition and rehabilitation of a 90 unit multi-family residential rental facility in Lorain

  • 2011
  • $3.5 Million
  • Revenue Bonds

Horizon Activity Center

Making a loan to assist Horizon in financing the costs of Port Authority facilities

  • 2008
  • $6 Million
  • Economic Development Revenue Bonds

Spitzer Project

Acquiring the execution and delivery of an agreement of lease and a sublease

  • 2004
  • $3 Million
  • Revenue Bonds

Advanced Automotive Systems

Authorizing execution of contracts for the acquisition, construction, equipping, furnishing & improving of project

  • 2001
  • $1 Million
  • Open End Mortgage

Spitzer Project

Authorizing the execution and delivery of an agreement of lease and a sublease

  • 1999
  • $3.5 Million
  • Revenue Bonds

Brush Wellman Inc.

Financing the cost of the acquisition construction, equipping and improvement of a Port Authority facility

  • 1996
  • $8.5 Million
  • Variable Rate Industrial Development Revenue Bonds

Spitzer Project

Financing of costs of the acquisition, construction, equipping, and improvement of an addition to port authority facilities

  • 1996
  • $1.24 Million
  • Revenue Bonds

Spitzer Project

Refunding all of the outstanding $5.1 million Lorain Port Authority, Ohio Port development series 1988 bonds

  • 1994
  • $4.735 Million
  • Adjustable Rate Revenue Bonds

Spitzer Project

Financing of costs of the acquisition, construction, equipping, and improvement of an addition to port facilities

  • 1989
  • $1.5 Million
  • Port Development Revenue Bonds

Republic Steel Corporation

Assisting Republic Steel Corp. in the financing of costs of acquiring and improving real property to be used as a site

  • 1981
  • $6.55 Million
  • Revenue Bonds

Lorain Dock Company

Financing the costs of acquiring, constructing, and equipping improvements and facilities for the receipt

  • 1981
  • $31 Million
  • Revenue Bonds

American Ship Building Co

Paying the costs of adding to the industrial facilities of the project

  • 1980
  • $4 Million
  • Revenue Bonds

American Ship Building Co

Promote the industrial and economic development of Ohio by creating jobs and increasing opportunities

  • 975
  • $3.5 Million
  • First Mortgage Revenue Bonds

Ashland Oil

 Compromising a terminal facility consisting of a terminal for storage and distribution of petroleum

  • 1973
  • $5 Million
  • First Mortgage Revenue Bonds

American Ship Building Co

Financing the costs of acquiring, constructing, and equipping facilities related to building ships

  • 1967
  • $7 Million
  • First Mortgage Revenue Bonds