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CDFA Illinois Financing Roundtable Newsletter - February 2016

CDFA Illinois Financing Roundtable Newsletter - February 2016
February 10, 2016
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CDFA Illinois Financing Roundtable Newsletter

Feature

Chicago Marchers Protest Proposed TIF for Uptown Condos
Protesters march to Mayor Rahm Emanuel's home in Chicago to protest a proposed $16 million TIF for construction of a high-end residential development at the former, vacant Maryville Academy site in Uptown.

Future of Contaminated Protano Site in Dekalb Unclear
The city can't clean up the contaminated site that formerly housed Protano Auto without some kind of funding, but the grant program that contributed to the project in the past isn't accepting applications.

IL 'Inland Port' Capitalizing on PAB Program
The only intermodal freight facility to ever take advantage of a special federal private activity bond program is back for a third round of financing.

Developer Pleads Guilty to $158M EB-5 Fraud Scheme
Developer Ashoo Sethi pleaded guilty to defrauding Chinese EB-5 investors of $158M in a failed hotel development near O'Hare International Airport.

Chicago's Smart Street Lighting RFI Attracts Widespread Interest
Chicago is seeking a developer to design, build and finance the replacement of nearly 350,000 streetlights for the Chicago Smart Lighting Project. The City hopes the project can be funded without taxpayer dollars.

Upcoming Events

CDFA Illinois Conference
May 19, 2016 - Chicago
Join the CDFA Illinois Financing Roundtable for the fourth annual conference. 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 Illinois economy going forward.

Intro Bond Finance WebCourse
February 24-25, 2016 - Daily: 12-5pm (EST)
The Intro Bond Finance Course provides an in-depth look at governmental and qualified private activity bonds, with a focus on industrial development bonds (IDBs), 501(c)(3) non-profit bonds, exempt facility bonds, and other special bond programs authorized by the federal government.

Illinois News

Elmhurst Approves $1.8M Deal for Car Dealership
Chicago Tribune | Feb. 2 | Tax Increment Finance (TIF)

Woodstock District 200, Lakewood Approve TIF District Agreement
Woodstock Independent | Jan. 28 | Local Finance Program | Tax Increment Finance (TIF)

A Look at Brownfields: The Dirty, the Ugly, and the Potential for Turnaround
wastedive.com | Jan. 27 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

Wheeling, IL Approves $300K for Apartment Improvements
Chicago Daily Herald | Jan. 20 | Local Finance Program | Tax Increment Finance (TIF)

Adviser: Spring Hill Mall Redevelopment Not Feasible without TIF
Chicago Daily Herald | Jan. 20 | Local Finance Program | Tax Increment Finance (TIF)

State Tax Credits News Briefs
Novogradac | Jan. 12 | State Finance Program | Tax Credits


Sponsors

Venue Sponsor

Seyfarth Shaw LLP

Annual Roundtable Sponsor

Ehlers Katten Muchin Rosenman LLP Shanahan & Shanahan LLP

Conference Premium Sponsor

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

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 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
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