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CDFA Illinois Financing Roundtable Newsletter - December 2014

CDFA Illinois Financing Roundtable Newsletter - December 2014
December 10, 2014
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CDFA Illinois Financing Roundtable Newsletter

Feature

Illinois City Allowed Back Into the Bond Market
A suburb of Chicago will be allowed to go back to the municipal bond markets after it promised to take steps to avoid repeating previous episodes in which it raised money under false pretenses and misused millions of dollars.

Cubs Trim Wrigley Signs to Win Federal Tax Credit
The Chicago Cubs are going to the Commission on Chicago Landmarks to change its plan for outfield signs in the renovated Wrigley Field in hopes of winning a historic tax credit said to be worth $75 million.

Illinois' New Governor Will Shape Conduits, Other Agencies
A profound shift in debt management and the control of a handful of state related agencies with bonding powers may lie ahead for Illinois as the state ushers in its first Republican governor in 12 years.

Medline Gets Tax Break to Keep Its HQ in Illinois
Medline Industries has agreed to keep its headquarters in Illinois in exchange for an $18 million tax credit from the Illinois Department of Commerce and Economic Opportunity, according to Crain's. As part of the deal, Medline will add 100 jobs in two years and another 100 within five years.

IL Intrastate Crowdfunding Exemption: The Reasoning Behind The Bill
The author of an official draft of a proposed Illinois Intrastate Crowdfunding Exemption bill responds to the public for the reasoning and thinking behind the unique bill in this article from Crowdfund Insider.

Upcoming Events

Fundamentals of Economic Development Finance WebCourse
January 28-29, 2015
The Fundamentals of Economic Development Finance Course is the foundation for all of CDFA's educational offerings. This course will help you understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

CDFA Spotlight

Download the CDFA App for iOS and Android Today!
Stay up-to-date with the Council of Development Finance Agencies anytime, anywhere. Now you can access development finance headlines, resources, events, and more right at your fingertips. With the CDFA app, CDFA will always be with you as a resource whether traveling and needing the news or with a client and needing a resource. Download today for iPhone/iOS and GooglePlay/Android.

Illinois News

Farmer City, IL Sees Upgrades From TIF
Leroy Farmer City Press | Dec. 5 | Access to Capital | Rural Development | Tax Increment Finance (TIF)

World Bank Releases CDFA-Produced Brownfields Finance Report
CDFA | Dec. 4 | Brownfield Financing | CDFA Original Research | Community Development | Member News | International

News Briefs: New Markets Tax Credits
Novogradac | Dec. 3 | Access to Capital | Bond Finance | Economic Development | Redevelopment | Tax Credits | U.S. Small Business Administration (SBA) | U.S. Dept. of Treasury CDFI Fund

GASB Disclosure Guidelines for State and Local Tax Abatements
Smart Incentives | Dec. 3 | Local Finance Program | State Finance Program | Tax Credits | Federal | Tax Abatements

Direct Loans Are Replacing Muni Bonds
GOVERNING | Nov. 26 | Bond Finance

CDFA & UK-Based IED Launches New Transatlantic Exchange
CDFA | Nov. 20 | CDFA Original Research | Member News | International

Charleston, IL to Look at Contracts, TIF Funding
JG-TC.com | Nov. 18 | Access to Capital | Economic Development | Revolving Loan Funds (RLFs) | Tax Increment Finance (TIF)

Lake Zurich, IL OK's Deal Needed to Extend downtown TIF
Daily Herald | Nov. 18 | Access to Capital | Economic Development | Tax Increment Finance (TIF)


Sponsors

Venue Sponsor

Seyfarth Shaw LLP

Annual Roundtable Sponsor

Bryan Cave LLP Ehlers & Associates First American Bank Ice Miller LLP Illinois Finance Authority KeyBanc Capital Markets MB Financial Bank, NA Peckham Guyton Albers & Viets, Inc. S.B. Friedman & Company Shanahan & Shanahan LLP

Conference Supporting Sponsor

Illinois Tax Increment Association Jacob & Klein Ltd.

For information about sponsoring the CDFA Illinois 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.


Council of Development Finance Agencies
100 E. Broad Street, Suite 2200
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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