Cleveland-Cuyahoga County Port Authority, Ohio, to sell $75 million bonds for Cleveland Museum

By Sheri Kasprzak

New York, June 11 - The Cleveland-Cuyahoga County Port Authority of Ohio is set to bring to market $75 million in series 2010 cultural facility revenue bonds for the Cleveland Museum of Art, according to a preliminary official statement.

PNC Capital Markets LLC and KeyBanc Capital Markets Inc. are the senior managers.

The bonds (/AA+/) are due 2018 to 2024.

Proceeds will be used to expand, renovate and construct a new east and west wing of the museum, as well as an atrium for gatherings and special events. The project also includes the construction of storage space and educational facilities.

The Cleveland-based authority constructs and operates projects to create or preserve jobs, and also leases, owns and operates real property.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.