In February 2004, the Port Authority closed a complex revenue bond financing that enabled the redevelopment of a large shopping mall that straddles the border of Ohio’s Hamilton and Butler Counties. This unprecedented financing involved nine public entities, including three cities, two counties, three school districts, and the Port Authority. The Port Authority worked closely with the private developer (The Mills Corporation) on the $18 million financing of public improvements, including a 2,700 space parking garage, parking lot, retention ponds, and access road improvements.

Implementation of the Cincinnati Mills project enabled redevelopment of this 1.5 million square foot mall and  stimulated private investment of $150 million on the site. The newly renovated mall, Cincinnati Mills, opened in August 2004.