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Development Finance Review Weekly - June 29, 2017

Development Finance Review Weekly
June 29, 2017
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CDFA Development Finance Review Weekly

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June Incentives Update
Smart Incentives provides valuable and relevant information from the top articles and industry news in this monthly update.

Public vs. Private Financing for KCI? Officials Say the Details Will Count
Tax-exempt bonds are usually the best, lowest-cost way to finance major public projects, but it's not yet possible to say that's superior to privately financing Kansas City International Airport improvements, city finance officials said.

IN's P3 Takeover Underscores Risks, Moody's Says
"Governments enter into P3s to efficiently develop and finance infrastructure, but depending on how they are structured, the P3 contract may obligate the government to make payments that are similar to debt," wrote Moody's in a commentary published Friday that noted Indiana can afford the takeover and that the move won't impact its Aaa rating.

Northampton County P3 Transaction Overview
Northampton County, PA is the first for a Pennsylvania municipality employing a public-private partnership model for the replacement and rehabilitation of county bridges. This overview from Norris McLaughlin & Marcus outlines the project and the structure of the financing for the project.

A Guide to Creating MN Jobs in Energy Efficiency
This report, produced by the American Jobs Project, culminates in recommendations for Minnesota's leaders based on best practices in the United States and abroad. Each recommendation identifies opportunities for barrier removal and future growth in the energy efficiency sector.

CDFA Summer School
Join CDFA this August in Minneapolis for Summer School, pick and choose your courses from a week-long series of training featuring the Fundamentals, Intro RLF, Intro Energy & Water, Intro Bond, and Intro Brownfields Finance Course. Register today to secure your place. Early bird rates end July 14.

Upcoming Events
CDFA Summer School
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

MSRB MA Compliance Guidance Details Rules for Firms, Professionals
The Municipal Securities Rulemaking Board has released a compliance advisory for municipal advisors that details rules applicable to MAs and provides examples of potential violations.

FL Train Developer May Switch Tracks on Federal Financing
All Aboard Florida and its parent company inquired in recent months about obtaining a low-interest loan to finance its Brightline-branded train service from the U.S. Department of Transportation's Federal Railroad Administration, according to correspondence obtained by The Bond Buyer.

CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.

Upcoming Webcasts

CDFA // BNY Mellon Webcast Series: Special Assessment Techniques for Transformative Community Improvements
July 18, 2017 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will discuss new and innovative uses for special assessments and how this tool is poised for greater use nationwide.

USDA Rural Community Development Initiative + Grant Application Tips
July 14, 2017 - 1:00 PM Eastern
During this special webinar from CDFA, learn from expert speakers and previous awardees as we discuss the RCDI program, how to apply, and recommendations for successful applications.

This Week's Headlines

NY's MTA is in a state of emergency, says Cuomo
The Bond Buyer | Jun. 29 | Bond Finance | Infrastructure Finance

GASB Issues New Guidance on Leases by State and Local Governments
The Bond Buyer | Jun. 29 | Bond Finance

EDA Announces Availability of Grants for Coal Communities
NACO | Jun. 28 | Community Development | Economic Development | Federal | U.S. Economic Development Administration (EDA)

The NC Rural Infrastructure Authority Grants $4.5M For Economic Development
Roanoke-Chowan News Herald | Jun. 27 | Economic Development | Rural Development

LA Seriously Considering Energy Efficiency Incentives Aimed at Utility Programs
Southeast Energy News | Jun. 27 | Incentives | Green Finance | Energy Finance

Developer Seeks Tax Incentives for $146M Project Near Hospital in Ann Arbor, MI
MLive | Jun. 26 | Brownfield Financing | Tax Increment Finance (TIF)

Developers Proposed TIF to Finance Purchase for Minneapolis Condo Project
Minn Post | Jun. 26 | Tax Increment Finance (TIF)

New OR Angel Fund Accepting Applications for Funding
Portland Business Journal | Jun. 23 | Access to Capital

$30M Made Available to Assist Coal Communities
United States Department of Commerce | Jun. 23 | Access to Capital | Economic Development

City of Hutto, TX, Moving Forward on Bond to Improve Downtown
KVUE | Jun. 23 | Infrastructure Finance | Bond Finance

Yum Center Probe Finds Faulty TIF Projections in Louisville, KY
Louisville Business First | Jun. 23 | Tax Increment Finance (TIF)

City of Worcester, MA to Consider Micro-TIF for Small Business
Worcester Magazine | Jun. 23 | Tax Increment Finance (TIF)

City Council Clears Dominium to Start Senior Housing Construction in Spring Lake Park, MN
ABC Newspapers | Jun. 23 | Tax Increment Finance (TIF)

Atlanta Approves $9M from TIF for New Housing Development
Atlanta Journal Constitution | Jun. 23 | Tax Increment Finance (TIF)

Discovery Depot Planning Second-Floor Expansion in Galesburg, IL
The Register-Mail | Jun. 23 | Tax Increment Finance (TIF)

Business Park Being Developed in Heyworth, IL
The Pantagraph | Jun. 23 | Tax Increment Finance (TIF)

Supportive Housing Development for Young Adults Heads to Humboldt Park in Chicago, IL
Curbed Chicago | Jun. 23 | Tax Credits | Tax Increment Finance (TIF)

New Tourism Effort Officially Launches in Butte County, CA
Gridley Herald | Jun. 23 | Tax Increment Finance (TIF)

Fiber Project Wins State Recognition in Ammon, ID
KIFI | Jun. 23 | Tax Increment Finance (TIF)

State Tax Credits to Create $14.8M in New OH Payroll
Ohio Office of the Governor | Jun. 23 | Tax Credits

$42.5M WHEFA Bond Supports Carthage College
WHEFA | Jun. 22 | Bond Finance

House Clears Bill Extending Nuclear Tax Credit
Utility Dive | Jun. 22 | Energy Finance | Tax Credits

OH Green Building Program Completes Project in Sycamore Township
Cincinnati Business Courier | Jun. 22 | Energy Finance | Green Finance | Property Assessed Clean Energy (PACE)

Study Puts Coastside County, CA Recycled Water Costs at $5.2M
Half Moon Bay Review | Jun. 22 | Bond Finance | Infrastructure Finance | Water Finance

American Dream Bonds Price after Delays
The Bond Buyer | Jun. 22 | Bond Finance


National Sponsor Spotlight

CohnReznick CohnReznick
With origins dating back to 1919, CohnReznick is the 11th largest accounting, tax and advisory firm in the United States, combining the resources and technical expertise of a national firm with the hands-on, entrepreneurial approach that today's...
FBT Project Finance Advisors LLC FBT Project Finance Advisors LLC
FBT Project Finance Advisors LLC, a consulting affiliate of the law firm of Frost Brown Todd, acts as an independent registered municipal advisor and assists government entities and borrowers in creating the best financing solutions for projects in...
Frost Brown Todd, LLC Frost Brown Todd, LLC
Across their eight-state footprint, Frost Brown Todd, LLC offers a deep, talented roster of legal professionals. Committed to their clients, the firm leverages technical and legal knowledge and experience to serve a diverse client base, from global...

Partner Spotlight

PORTFOL by Philadelphia Industrial Development Corporation PORTFOL by Philadelphia Industrial Development Corporation
The Philadelphia Industrial Development Corporation (PIDC) is Philadelphia's city-wide economic development corporation. Founded in 1958 as a non-profit, joint venture between the City of Philadelphia and the Greater Philadelphia Chamber of...

CDFA Bookstore

Cover thumbnail Tax Increment Finance Best Practices Reference Guide 2nd Edition
The Tax Increment Finance Best Practices Reference Guide 2nd Edition addresses what TIF is, why it should be used and how best to apply the TIF tool. This guide highlights both TIF and special assessment projects across the country and how they can be applied to address common economic development issues.

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 1200
Columbus, OH 43215
(614) 705-1300
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
Become a Sponsor