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CDFA Florida Financing Roundtable Newsletter - March 2014

CDFA Florida Financing Roundtable Newsletter - March 2014
March 26, 2014
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CDFA Florida Financing Roundtable Newsletter

Feature

Orlando Bonds for Arts & Sports Venues Downtown
Orlando is pricing $238.6 million of bonds to finance downtown arts and sports venues, including a stadium that helped the local Orlando City club land a spot in Major League Soccer.

Manatee County to Dissolve CRA and Implement TIF
Manatee County Commissioners decided to enter into a dissolution process for both the 14th Street and South County Community Redevelopment Agencies. In turn, they chose to implement a Southwest Tax Increment Financing process, an effort to bring investment to an even larger segment of southwest Manatee.

Unlocking the Development Finance Toolbox in Florida
During the first-ever CDFA Florida Financing Roundtable Webcast, Toby Rittner with CDFA and Sherod Halliburton with Manatee County Federal Credit Union explore the depths and potential for unlocking the development finance toolbox in the Sunshine State.

Riviera Beach Approves $375M Marina Redevelopment
Voters in Riviera Beach approved a $375 million public-private redevelopment plan for its marina. The redevelopment will include new shops, restaurants, a boardwalk promenade and improved marina facilities. The developer will cover $336 million of the costs with the rest coming from public funds.

Lake Wales gets $6M Loan to Improve Sewer System
Lake Wales will receive a $6 million loan from Florida Department of Environmental Protection to complete sewer system improvements. The city already got $750,000 in Community Development Block Grant money to help repair and replace sewer lines at and around the northwest quadrant of the city.

Upcoming Events

2014 CDFA Florida Financing Roundtable Conference
May 21, 2014 - Orlando, Florida
Join CDFA for the first-ever Florida Financing Roundtable Conference on May 21, 2014 as we focus on "Advancing Development Finance in the Sunshine State." This one-day event will feature a number of economic development finance experts and leaders from around the state discussing new development finance tools, authorities, resources and approaches, and how these methods can move Florida's economy forward.

Florida News

Highlands County IDA & EDC Receives $97K in Funding
News-Sun | Mar. 20 | Economic Development

Software Developer Opens Orlando Office Center
Area Development Online | Mar. 20 | Innovation Finance | Member News | Public-Private Partnership (P3) Financing | State Finance Program

Lawmakers to Boost Economic-Incentive Grab Bag
Orlando Sentinel | Mar. 20 | Economic Development | Legislative | State Finance Program | Tax Credits

County Approves $205K Incentive for Airport Project
Florida Today | Mar. 20 | Economic Development | Infrastructure Finance | State Finance Program

Miami Tower Among House Economic Development Initiatives
CBS Miami | Mar. 20 | Economic Development | State Finance Program

FL Tourism Committee Wants to Spend $5M on "Medical Tourism"
News-Press | Mar. 19 | Economic Development | Member News | State Finance Program

State and Local Incentives will Result in 90 New Jobs
Area Development Online | Mar. 18 | Local Finance Program | State Finance Program | Tax Credits

Gov. Scott Announces $27M Loan to Improve Central FL Water Quality
Orlando Business Journal | Mar. 17 | Access to Capital | Infrastructure Finance | State Finance Program

Bonds Fuel Expansion at Orlando, Tampa Airports
The Bond Buyer | Mar. 14 | Bond Finance | Infrastructure Finance

$474M in Export Sales by Enterprise Florida's Participants
news-press.com | Mar. 14 | Access to Capital | Economic Development | Member News | State Finance Program

Melbourne Airport Angles to Land Big Deal
FLORIDA TODAY | Mar. 14 | Access to Capital | Economic Development | Infrastructure Finance | Local Finance Program

Opportunities Between Brownfield Redevelopment & Public Health
Smart Growth America | Mar. 11 | Brownfield Financing | Economic Development | Redevelopment

FL Gov. Rick Scott's 2014 State of the State Speech
Governing | Mar. 7 | Economic Development | Legislative | State Finance Program

Charlotte County Warehouse and Dist. Center to Bring 380 Jobs
Area Development | Mar. 7 | Economic Development | Member News | State Finance Program

Brunswick Developer Wants to Build Housing for Low Income Elderly
Times-Union | Mar. 7 | Community Development | Redevelopment | State Finance Program | Tax Credits

Energy Efficiency Creates 387% Return on Investment
Clean Technica | Mar. 6 | Energy Finance | Green Finance | U.S. Dept. of Energy (DOE)

PACE Coming Soon to Broward County
Sun Sentinel | Mar. 3 | Access to Capital | Energy Finance | Green Finance | Local Finance Program

Enterprise Florida Helps ConnectWise Expand its HQ
Area Development | Feb. 27 | Economic Development | Local Finance Program | Member News | State Finance Program


New Additions to the Online Resource Database

PASCO EDC - IDRB Finance Guidelines and Procedures
Bond Finance | Local Finance Program
The PASCO Economic Development Council released a guidelines and procedures document on Industrial Development Revenue Bond Financing, including how the tool works and qualifications.

Florida Film Incentives Study
Access to Capital | Economic Development | State Finance Program | Tax Credits
This study examines the transparency, accountability and effectiveness of Florida's Entertainment Industry Financial Incentive Program.

FL: Brownfield Redevelopment Bonus Refund
Brownfield Financing | Redevelopment | State Finance Program | Tax Credits
Enterprise Florida released an incentive information sheet for Florida's Brownfield Redevelopment Bonus Refund.


Sponsors

Conference Founding Sponsor

Squire Sanders Stifel Nicolaus

Conference Supporting Sponsor

City of North Port Manatee Community Federal Credit Union

For information about sponsoring the Florida Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

New Members

Capital Trust Agency - Gulf Breeze, FL


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
85 E. Gay Street, Suite 700
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
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a Sponsor