Development Finance Review Weekly - December 28, 2017

Development Finance Review Weekly
December 28, 2017

Feature

The town of Cody, WY has voted to continue partcipating in the Wyoming Smart Capital Network, a coalition of 17 Wyoming municipalities formed take advantage of the State Small Business Credit Initiative.

$18.7M WHEFA Financing Assists Dodgeville, WI Health Center

Bond financing facilitated by WHEFA was used to help Upland Hills Health, Inc. refinance bonds previously issued by WHEFA in 2006. The net present value savings following the refinancing was approximately $8.1 million.

Florida Train Project Gets $1.15B Private Activity Bond Allocation

Brightline, a subsidiary of All Aboard Florida, said that the U.S. Department of Transportation approved a $1.15 billion private activity bond allocation for Phase 2 of the project from West Palm Beach to Orlando.

Proposed TIF to Improve Infrastructure to Allow Economic Development in Huntsville, AL

The Huntsville City Council is discussing implementing another TIF in order to improve much needed infrastructure on a 5,200 acre area in the city. The goal is to attract more large-scale manufacturers to the area which has already attracted Polaris and GE Aviation among others.

Activity-Based Restaurant and Bar Receives $3.8M U.S. SBA Backed Loan in IA

Entrepreneurs are bringing a new concept in dining and entertainment to central Iowa due in part to a $3.8 million dollar loan which is backed by the U.S. Small Business Administration. Smash Park, an activity-based restaurant and bar, will open next year in West Des Moines.

Brightline Wins Federal Approval for $1.2B Bond Sale

All Aboard Florida's Brightline on Friday announced it has won federal approval to sell $1.15 billion in tax-exempt bonds to help pay for the second phase of its passenger rail project connecting West Palm Beach to Orlando.

Affordable Housing for School Teachers, in CO, Funded by $15M in Bonds

The affordable teacher housing opportunity was made possible by voter approval of the district's 2015 bond issue. The $122 million bond package included $15 million for the acquisition or construction of at least 15 rental units for teachers in each of the three communities.

Hotel Grim's Financing Survives Tax Overhaul

Financing mechanisms essential to the Hotel Grim's renovation survived the congressional tax reform process, and the project is expected to continue as planned. The tax bill President Trump signed preserves historic tax credits and private activity bonds.

Edgerton Approves Coldpoint Expansion with $28M in Industrial Revenue Bonds

The Edgerton city council has approved industrial revenue bonds and property tax abatements for ColdPoint Logistics Real Estate, LLC for construction of an approximately 173,770 sq. ft. expansion to an existing warehouse and cold-storage distribution facility in Johnson County, Kansas.

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Braves Stadium Hardly a Home Run for Cobb County, GA, Taxpayers

Cobb County which provided $300 million in public financing for the Atlanta Braves new stadium back in 2013 in what County Chairman Tim Lee called the "biggest economic development deal in our county's history," is now trying to figure out if they can even break even on the project.

Muni Drought Looms After December's Flood

After December's record breaking storm of issuance, a period of calm may be on the horizon for municipal bond investors in 2018. Supply surged to $57.89 billion this month — a record for December — as issuers rushed to compensate for the possible elimination of some types of tax exempt bonds.

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Association of Development Financing Institutions in Asia and the Pacific

The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is the focal point of all development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Its mission is to...

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Tax Credit Finance Reference Guide

The Tax Credit Finance Reference Guide provides an exploratory overview of how communities can use tax credit finance programs to support economic growth. This guide examines how to effectively apply tax credits to development opportunities, and explains the basics of tax credits and the fundamentals of using these tools.

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.

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