Bernardi takes pride in the impact we have on local communities by assisting them and providing low cost tax-exempt and taxable funding for public purpose projects. Our impactful responsibility of marrying investors with issuers was recently demonstrated by various South Bend, IN Park District issues we underwrote. The bonds were issued to transform various parks around the city and to utilize riverfront property more effectively.
The district issued a total of 11 different tax-exempt series totaling $14,075,000 to improve, expand, and construct various park facilities for the benefit of its citizens. One of such projects is located in Howard Park along the St. Joseph River. The existing skating rink is being transformed in a multi-functioning venue that can serve as a water park during the summer and an ice rink in the winter. The project will certainly enhance this public space and the overall public welfare.
Here are various articles overviewing the projects we helped finance: