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Calfee's Public Finance attorneys cover the entire range of governmental borrowings, from routine general obligation bonds and notes of local cities and villages to projects as complex and unique as the redevelopment of inner-ring suburbs, downtown hotels and parking facilities, student housing, and sports facilities and the transformation of a large public hospital.

Our public finance lawyers serve as bond counsel, underwriter’s counsel, disclosure counsel, issuer’s counsel, and borrower’s counsel for a wide variety of public finance transactions.


Chambers USA Leading Law Firm Rankings

Since 2004, Calfee has been recognized as a Leading Law Firm for Banking & Finance by Chambers USA, most recently in Band 2 in Ohio (2023).

Clients provided feedback to Chambers USA researchers, "The Calfee team is extremely well-versed in complicated financings and has an extensive view across the market. Calfee has a strong bench of banking and finance attorneys; they are extremely responsive and meet tight deadlines. The team uses extensive resources across the firm to help in many complex areas."

Best Lawyers® “Best Law Firms” Rankings

Calfee was selected for inclusion in the 2024 "Best Law Firms" rankings in the following areas:

  • Banking and Finance Law (National Tier 3, Regional Tier 1 Cleveland)
  • Public Finance Law (National Tier 3, Regional Tier 1 Cleveland)
  • Tax Law (Regional Tier 1 Cleveland)




Bond Counsel Engagements

  • City of Cleveland, Ohio
  • City of Cincinnati, Ohio
  • Treasurer of the State of Ohio
  • Ohio Public Facilities Commission
  • Ohio Air Quality Development Authority
  • Ohio Department of Transportation
  • Cuyahoga County, Ohio
  • Hamilton County, Ohio
  • Trumbull County, Ohio
  • Port of Greater Cincinnati Development Authority
  • Lorain County Port Authority
  • Cleveland-Cuyahoga County Port Authority

Issuer’s Counsel and Disclosure Counsel

  • Cuyahoga County, Ohio Water Development Authority
  • MetroHealth System

Underwriters’ Counsel

  • Ohio Housing Finance Agency
  • University of Akron
  • Treasurer of the State of Ohio
  • Ohio Water Development Authority
  • Cleveland Public Power
  • Northeast Ohio Regional Sewer District
  • City of Akron
  • Kenyon College/Ohio Higher Education Facilities Commission
  • Playhouse Square Foundation
  • Columbus State College

Borrower’s Counsel

  • Jewish Federation of Cleveland
  • Summa Health System
  • Eliza Jennings Senior Care Network
  • Lake Hospital System
  • University School

Representative Matters

  • Served as Bond Counsel in the issuance of $275 million of debt to finance a utility-scale solar project in a county in the Midwest.
  • Served as Underwriter’s Counsel to the publicly traded, Fortune 500 global financial institution in connection with the issuance by a State Treasurer of grant anticipation revenue vehicle bonds (GARVEE).
  • Served as Counsel for a public-private-partnership in connection with the monetization of $80 million in parking assets for a Midwestern U.S. university.

Financing Experience

Financing Experience

  • Tax increment financing
  • Capital Lease transactions
  • Certificates of Participation
  • Lease Revenue Bonds
  • Economic development incentives
  • Business Improvement Districts
  • Public/private investment funds
  • New Markets Tax Credit transactions
  • Historic Tax Credit projects
  • Low Income Housing Tax Credit projects
  • Conduit financing
  • Tax abatements
  • Governmental loans and grants
  • Construction financing
  • Ground lease financing
  • Leveraged lease/loan transactions
  • Synthetic lease transactions
  • Industrial development bonds
  • Equity syndication/participation



  • Economic Development Incentives – Assisting businesses and governments in obtaining and providing financial incentives to promote economic development.
  • Public/Private Partnership Law – Counseling clients on the development of projects requiring the cooperative use of public and private resources.

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"The team is solid, works hard, and gets to the right solutions."

Client quote, Chambers USA

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