KDW Lawyers Assist in Bond Financing of Major Development in Chicago Area
October 18, 2005
Kelley Drye represented the Lombard Public Facilities Corporation in the sale of $22.5 million Super-Subordinated Bonds to two funds managed by Nuveen Investments and the developer, Mid-America Hotel Partners, L.L.C. The Village of Lombard, Illinois, through its private subsidiary, Lombard Public Facilities Corporation, sold over $180 million of Senior, Subordinated and Super-Subordinated Tax-Exempt Bonds to finance the development of the Westin Lombard Yorktown Center. Starwood Hotels and Resorts will operate the Westin Hotel and Convention Center and Harry Caray’s Restaurant Group will manage two separate restaurants in the Center. The Center will be fully equipped with more than 65,000 square feet of meeting space and a 500-room hotel.

Partner Tim Lavender participated in the preparation of all of the offering materials and purchase documents for the Bonds.