CHICAGO — Grandview Heights, Ohio, expects to issue up to $125 million in tax-exempt bonds to finance a series of public infrastructure projects to support a large, privately financed $500 million mixed-use development to be built adjacent to Columbus.

The city last week hired Robert W. Baird & Co. as financial adviser to help craft the tax-exempt piece of the development. Emphasizing the tentative nature of the proposal, Baird public finance managing director David Conley said the transaction would likely be between $100 million to $125 million and that officials plan to enter the market in late 2008 with one or several issues. The city or another local conduit agency would issue the bonds.

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