Thenew, four-story residence at 117th and Euclid Ave.
CLEVELAND—In a deal led by KeyBanc Capital Markets Inc., thecorporate and investment banking arm of Cleveland-based KeyCorp,the Ohio Higher Educational Facility Commission expects to issueapproximately $17.5 million in Higher Educational Facility RevenueBonds for the Cleveland Institute of Art, one of the nation'sleading accredited independent colleges of art and design, locatedin the heart of Cleveland's cultural district.
The tax-exempt bonds will be primarily used for paying the costsof acquiring and furnishing a four-story, 79,000-square-footstudent housing facility located at East 117th Streetand Euclid Avenue. The bonds, rated BB by S&P Global Ratings,are currently scheduled to price on September 11, 2018.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
