BGL Real Estate Advisors Completes $33.4 Million C-PACE Financing for the Tom Benson Hall of Fame Stadium at the Hall of Fame Village
CLEVELAND , July 7, 2022 |PRNewswire| -- Brown Gibbons Lang Company (BGL) is pleased to announce the financial closing of $33.4 million for the Tom Benson Hall of Fame Stadium at the Hall of Fame Village powered by Johnson Controls in Canton, Ohio . The project was refinanced through Stonehill PACE''s retroactive Commercial Property Assessed Clean Energy (C-PACE) program. BGL''s Real Estate Advisors team served as the exclusive financial advisor to the Hall of Fame Resort Entertainment Company (NASDQ: HOFV) in the transaction. This financial closing is the largest C-PACE transaction in the State of Ohio . The Hall of Fame Resort Entertainment Company (HOFV) is a leading sports, entertainment, and media enterprise headquartered in Canton, Ohio . Established in 2020, the publicly traded company is the result of a business combination between HOF Village, LLC — a partnership between the Pro Football Hall of Fame and Industrial Realty Group (IRG) established in 2016 — and Gordon Pointe Acquisition Corp (GPAQ).
BGL Real Estate Advisors Completes $33.4 Million C-PACE Financing for the Tom Benson Hall of Fame Stadium at the Hall of Fame Village
CLEVELAND , July 7, 2022 |PRNewswire| -- Brown Gibbons Lang Company (BGL) is pleased to announce the financial closing of $33.4 million for the Tom Benson Hall of Fame Stadium at the Hall of Fame Village powered by Johnson Controls in Canton, Ohio . The project was refinanced through Stonehill PACE''s retroactive Commercial Property Assessed Clean Energy (C-PACE) program. BGL''s Real Estate Advisors team served as the exclusive financial advisor to the Hall of Fame Resort Entertainment Company (NASDQ: HOFV) in the transaction. This financial closing is the largest C-PACE transaction in the State of Ohio . The Hall of Fame Resort Entertainment Company (HOFV) is a leading sports, entertainment, and media enterprise headquartered in Canton, Ohio . Established in 2020, the publicly traded company is the result of a business combination between HOF Village, LLC — a partnership between the Pro Football Hall of Fame and Industrial Realty Group (IRG) established in 2016 — and Gordon Pointe Acquisition Corp (GPAQ).