Owens Illinois World Headquarters Building
Ground or Synthetic lease, Bond Financing, Office, Plant
October 2005
Project Overview
Owens Illinois, the world’s leading glass bottle manufacturer and Fortune 500 company, previously headquartered in downtown Toledo for over 80 years of its history, decided to remain in NW Ohio and to move its Headquarters to Levis Park in the City Perrysburg where it has other research and plant facilities. The forerunner of the Wood County Port Authority, The Rossford/Perrysburg Township Joint Economic Development Authority / Port Authority worked with the City of Perrysburg, and Owens Illinois to help construct and lease a new Headquarters for Owens Illinois in the Levis Park Development. The Port Authority approved the issuance of $24,000,000 in bonds to build the structure and lease it to Owens Illinois.
Project Images
Details
Project Name: Owens Illinois World Headquarters Building
Type of Project:
- Bond Financing for Construction and improvements to OI Structures.
- Ground Lease of Property to Port Authority
- Port Authority Lease of completed Building Structure to OI
Total Size of the Bond Issue: $24,000,000
Cooperative Agreements: City of Perrysburg with Port Authority and OI
Funding Source:
- Bonds Issued by the Rossford/Perrysburg Township Joint Economic Authority/Port Authority (currently the Wood County Port Authority)
Date of the Project: October 2005
Tags: Ground or Synthetic lease, Bond Financing, Office, Plant