The Indianapolis Local Public Improvement Bond Bank has been announced as one of 10 regional winners of the 2019 “Deal of the Year” award for its achievement in municipal finance and is also a finalist for the national Deal of the Year Award.
As the Midwest region winner, the Indianapolis Bond Bank was selected for its $625 million issuance of bonds for the new Community Justice Campus being built in the Twin Aire neighborhood southeast of downtown Indianapolis, The Bond Buyer announced. The design of the new justice center consolidates operations and replaces the current facilities with three new, modernized buildings on a single campus.
The 2019 awards considered deals that closed between Oct. 1, 2018, and Sept. 30, 2019. The Bond Buyer’s selection committee considered creativity, the ability to pull a complex transaction together under challenging conditions, the ability to serve as a model for other financings, and the public purpose for which a deal’s proceeds were used when judging the entries.
The winner of the national award will be announced at a ceremony Dec. 4 in New York City.