CDFA Washington Financing Roundtable Newsletter - May 2016

CDFA Washington Financing Roundtable Newsletter - May 2016
May 18, 2016



Feature
U.S. District Court to Decide Fate of Seattle EB-5 Project U.S. District Court Judge James L. Robart will decide Thursday whether Chinese developer Binjiang and Las Vegas developer Molasky can take over the Potala Tower project. The project has been in turmoil since the original developer received an SEC fraud complaint. WEDFA Approves $110M in Bonds for Columbia Pulp The Washington Economic Development Finance Authority has approved the issuance of non-recourse revenue bonds to Columbia Pulp, LLC. The bonds will cover construction costs for a 449-acre wheat straw refuse recovery and paper pulp manufacturing facility WA DOC Grants $10.6M for Energy Efficiency Projects The Washington State Department of Commerce will provide over $10 million in energy efficiency and solar grants to reduce energy costs for eight higher education institutions, 32 local governments, four state agencies, and eight public school districts. $3M Park Bonds Fuelling Tacoma's Conservatory Expansion Expansion and renovation of the W.W. Seymour Botanical Conservatory will be financed by $3 million from a 2014 parks bond. Additional project revenue will come from smaller grants and fundraising efforts. Tri-City Utilities Stop Accepting Applications for WA Solar Incentives The city of Richland, WA and local public utility districts are not approving new applications for state energy tax credits. The rising popularity of home solar in Washington has pushed these groups to the limit of their tax credit cap. Boeing's Historic Tax Break from WA Even Bigger Than Thought A couple years ago, Boeing received what was dubbed the largest state tax-break deal for a private company in American history. The numbers are in for Boeing for the first two years since that deal passed and so far they are greater than cost estimates made at the time.
Upcoming Events
CDFA Washington Conference Tuesday, October 11, 2016 - Seattle, WA Join the CDFA Washington Financing Roundtable for the second annual conference on October 11, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Washington economy going forward. The conference will take place at the Sheraton Seattle Hotel in Seattle, Washington and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA Washington Financing Roundtable Conference.
Washington News
Pullman-Moscow Airport Receives Grants, Loans for New Runway The Daily Evergreen \| May. 18 \| Access to Capital \| Infrastructure Finance \| Local Finance Program Yakima, WA Church Eligible for Historic Tax Credits Yakima Herald \| May. 17 \| Historic Preservation \| Redevelopment \| Tax Credits USDA Announces EE/RE Grant for the Pacific Northwest USDA \| May. 17 \| Access to Capital \| Energy Finance \| Green Finance \| Rural Development \| U.S. Dept. of Agriculture (USDA) April 2016 Tax Credits & Incentives Update Horwood Marcus & Berk \| May. 12 \| Incentives \| Legislative \| Tax Credits March 2016 Tax Credits & Incentives Update Lexology \| Apr. 21 \| Incentives \| Legislative \| State Finance Program \| Tax Credits >>> SEARCH HEADLINES
Sponsor
Conference Premium Sponsor For information about sponsoring the CDFA Washington Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.