CDFA New York/New Jersey Financing Roundtable Newsletter - October 2016

CDFA New York/New Jersey Financing Roundtable Newsletter - October 2016
October 5, 2016



Feature
NYSERDA Announces $10M for Industrial Energy Efficiency The New York State Energy Research and Development Authority has announced $10 million in funding for two new clean energy initiatives to support energy efficiency and reduce costs at industrial and manufacturing facilities. American Dream Bond Sale Staves Off Court Challenge A New Jersey appellate court rejected an effort to block a $1.15 billion bond sale to complete the long-stalled American Dream shopping and entertainment development at the Meadowlands. The Evolution of Build & the Industrial Development Agency's Financing Roles for the City New York City Independent Budget Office has examined the evolution of the roles of Build and the Industrial Development Agency in financing economic development deals for the city and the uses of the revenues the two entities generate. Hudson Yards Set to Make Bond Market History for New York Agency The Metropolitan Transportation Authority, which typically uses fare-box revenue and bridge and tunnel fees to secure its debt, plans to raise $1.06 billion by selling its first bonds backed by real-estate. Christie Vetoes Urban Enterprise Zone Extension Gov. Chris Christie vetoed legislation Wednesday that would have extended the sunset dates for all of New Jersey's urban enterprise zones another 10 years, arguing that the zones are in danger of becoming a "permanent subsidy." Sports Authority to Consider Amendments to Financing Deal Resumption of construction work at the American Dream Meadowlands shopping and entertainment project is expected to move a step closer on Thursday afternoon at a New Jersey Sports and Exposition Authority special meeting in Lyndhurst. $90.5M Trico Redevelopment Project Gets $3.6M in Tax Breaks The $90.5 million conversion of the former Trico Products Corp. when the Erie County Industrial Development Agency approved $3.6 million in tax breaks for the long-awaited project. Loans to Lenders Uses SSBCI Funds in Newark, NJ NJEDA's Loans to Lenders program used SSBCI dollars to finance GNEC over the past three years. Moody's Issues First Muni Green Bond Assessment in US The Upper Mohawk Valley Regional Water Finance Authority received a green bond assessment of GB1 for $8.78 million of water system revenue bonds on Wednesday from Moody's Investors Service -- the first GBA the rating agency has issued in the U.S.
Upcoming Events
CDFA's 30th National Development Finance Summit November 2-4, 2016 - New Orleans, LA Join CDFA in New Orleans, Louisiana for the 2016 National Development Finance Summit! Hosted by the Louisiana Public Facilities Authority (LPFA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.
New York/New Jersey News
$14 Million Multi-Use Project Still Faces Hurdles in Lewiston, NY Time Warner Cable News \| Oct. 4 \| Brownfield Financing Meadowlands Mega-Mall Wins Bond-Market Subsidy It Long Coveted Bloomberg \| Sep. 26 \| Bond Finance \| Economic Development Yankees Get Go-Ahead to Refinance Their $1B Mortgage CNN Money \| Sep. 21 \| Bond Finance \| Economic Development NJ's Stockton University to Borrow $128M for Atlantic City Campus Reuters \| Sep. 19 \| Bond Finance \| Economic Development New Jersey Re-Affirms $1.15B Muni Bonds for Stalled Mega-Mall Reuters \| Sep. 15 \| Bond Finance \| Economic Development American Dream Bond Deal Faces NJ Court Challenge The Bond Buyer \| Sep. 8 \| Bond Finance Fitch Rates Myrtle Creek Improvement Dist, FL's Special Assessment Bonds 'BBB+'; Outlook Stable Business Wire \| Sep. 7 \| Bond Finance \| Infrastructure Finance \| Special Assessment Districts Olean, NY DEC Seeks Further Brownfield Cleanup For Solar Project Olean Times Herald \| Sep. 7 \| Brownfield Financing Ogdensburg's Brownfield Designation Presents Economic Development Opportunities North Country This Week \| Sep. 2 \| Brownfield Financing August 2016 Tax Credits & Incentives Update Horwood Marcus & Berk \| Aug. 30 \| Incentives \| State Finance Program \| Tax Credits Ogdensburg, NY Designated as Brownfield Opportunity Area North Country Now \| Aug. 26 \| Brownfield Financing \| Tax Credits Tax Credit to Farmers Donating Crops is Wise The Daily News \| Aug. 25 \| Agriculture Finance \| Tax Credits Section of Amsterdam, NY to Receive State Grants, Tax Credits for Brownfields The Daily Gazette \| Aug. 24 \| Brownfield Financing \| Tax Credits Geothermal Advocates Pressuring Governor Cuomo for Tax Credits WBFO \| Aug. 24 \| Energy Finance \| Green Finance \| Incentives \| Tax Credits Yankee Stadium LLC Requests $1.04B in Bonds SportsBlog.com \| Aug. 23 \| Bond Finance World's Largest Vertical Farm is to Open Soon The Guardian \| Aug. 19 \| Food Systems Finance >>> SEARCH HEADLINES
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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.