New construction of a 10.7 mile four-lane limited access
road located in southwest Ohio, will connect an intersection
in Hamilton, OH to I-75 in Liberty Township
Sponsor
Butler County Transportation
Improvement District (TID)
Cost
$165,909,000
Type
of Finance
$158.5 million revenue bond sale in November
1997
$35 million in Ohio SIB loans; ODOT lease payments made
through GARVEE bonds
Revenue
Sources
Lease payments
Project Delivery
/ Contract Method
Ohio
DOT (ODOT) will lease
road from TID through
2017
Private
Investor Partner
None
Project Advisors
Lenders
Physical Status
Opened Fall 2000
Financial Status
Closed
Innovations
In 1996, Butler County TID was first recipient of a
SIB loan. ODOT was first to receive approval from the
U.S. DOT to launch the nation's first SIB.
