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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: Approximately $120 Million in total investment by Purdue University and City of West Lafayette. $60 M comes from the City's TIF 1, and $62.7 M from Purdue, via the Purdue Research Foundation, which backstops the development of TIF 2.
From Private Capital Markets Directly to Producers as Debt: Plenary Group placed $72.5 million in privately placed bonds to finance the initial design and construction of the project. This liability will be paid off through availability payments from the City and from Purdue over the 25 year term term of the BOT arrangement.
From Producers as Equity: It is likely that Plenary Group has made an equity contribution. The amount is not known. Plenary Group was selected on Feb. 22, 2016. Governor Pence approved the project's PPP agreement on March 3, 2016, and Financial close was reached on March 15, 2016.