CDFA Bond Finance Update - June 19, 2018
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Features |
Mesa, AZ Considers $30M Issuance for Sports Complex
Mesa, AZ is considering issuing $30 million in excise bonds to pay for the planned Mesa Plays sports complex. $30 million in excise bonds would be issued to pay for 15 fields reserved for tournaments. Sales tax revenues and an increase in bed taxes would be pledged in support of the bonds.
Augusta, GA EDA Approves $68M Issuance for Recycling Plant
Allied Energy Services, a Conyers, Ga.-based alternative energy company, intends to build a recycling plant at the Augusta landfill through use of $68 million in industrial revenue bonds. The 55,000-square-foot facility would be capable of converting up to 175,000 tons of trash a year into biomass fuel.
KS Reaps Big Rewards from STAR Bonds
The sale of State Tax Revenue bonds — also known as STAR bonds — grant municipal governments an opportunity to finance major commercial, entertainment and tourism areas and repay the debt with state and local sales tax revenue generated by the developments.
SF Voters to Decide on $425M Bond to Repair Seawall
The $425 million seawall general obligation bond proposed by the Port of San Francisco would fund the first phase of the so-called seawall resiliency project. It requires two-thirds voter approval. The proposal is part of a larger 30 year, multi-billion dollar seawall resiliency project
Louisville Soccer Stadium P3 Approved for $21.7M TIF
The stadium will be the centerpiece of a $193 million public-private partnership supported by the TIF as well as Louisville's contribution of property where the stadium will be built. The city council voted in November to approve a $30 million bond to purchase and make infrastructure improvements to the property.
MA House, Senate Pass $1.8B Housing Bond Bill
Massachusetts lawmakers have sent a $1.8 billion housing bond bill to the governor. If signed, it will provide $400 million for the state's Affordable Housing Trust Fund, $600 million for Department of Housing and Community Development projects, and millions more for other critical housing needs.
Why Environmental Impact Bonds Are Catching On
Environmental Impact Bonds enable cities to share the risks and the rewards of innovative problem-solving with investors. EIBs are considered a "pay for success" strategy because investors' returns depend on whether the project meets its goals. This approach is catching on, with Baltimore and Atlanta
Hazelwood, MO Considers $50M IRB Issuance for Industrial Park
The city of Hazelwood is considering issuing $50 million in Chapter 100 industrial revenue bonds for the new TradePort industrial park. The bonds would facilitate up to 18 years of property tax abatement and a sales tax exemption on construction materials.
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The latest municipal finance headlines from The Bond Buyer.
NJ to Provide $600M for Gateway Passenger Rail Project
New Jersey officials have announced that they have come up with $600 million for a key part of the Gateway passenger rail project. The NJ Transit board of directors approved an agreement with the New Jersey Economic Development Authority to provide up to $600 million for the new Portal North Bridge.
House Members Push for Infrastructure Bill with PABs
Eighty-six Democrats and Republicans in the House are urging the chamber's leaders to develop and pass a long-term, bipartisan infrastructure bill that increases direct federal investment, fixes the Highway Trust Fund, and strengthens private activity bonds.
Cleveland, OH Deal Funds Police Headquarters and Street Upgrades
Cleveland plans to hit the market on Wednesday with a $144 million deal to finance capital improvements, including a new police headquarters and equipment officials say will make Cleveland's streets safer.
Why Los Angeles May Market a $300M Go Deal as 'Social Bonds'
The Los Angeles City Council may vote Wednesday to sell $300 million in "social bonds" to fund housing for homeless people. If the City Council agrees, the city will apply the "social bonds" designation to $300 million of taxable general obligation bonds it will sell in June.
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.
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Bond Finance Headlines |
Newport, KY Explores IRBs to Finance Skywheel
River City News | Jun. 19 | Bond Finance
GA Issuing $1.2B in GO Bonds
MuniNet Guide | Jun. 19 | Bond Finance
Bridgeport, TX to Issue $2.5M for Water, Sewer Improvements
Wise County Messenger | Jun. 16 | Bond Finance
LAX People-Mover to be Financed Through $1.2B in PABs
The Construction Index | Jun. 14 | Bond Finance | Infrastructure Finance
NH Resort Seeks $28M Guarantee from NHBFA
Union Leader | Jun. 14 | Access to Capital | Bond Finance | EB-5 Visa
Cartersville, GA Pursues $56M in Water, Sewage Bonds
The Daily Tribune News | Jun. 13 | Bond Finance | Water Finance
Tucson, AZ Considers $225M Bond Plan for Parks
Arizona Daily Star | Jun. 7 | Bond Finance
How the New U.S. Tax Law Affects Community Development Projects
Urban Land | Jun. 5 | Bond Finance | Opportunity Zones | Tax Credits
Bastrop, TX to Issue $1.25M for Roadway Expansion
Austin American-Statesman | May. 30 | Bond Finance | Infrastructure Finance
What's Happening with Snelling Yards in Minneapolis, MN
Southside Pride | May. 29 | Bond Finance | Brownfield Financing
WV Issues $800M for Transportation and Infrastructure
WV News | May. 25 | Bond Finance | Infrastructure Finance
Atlanta, GA Developer Seeks $14M from Invest Atlanta
Bisnow | May. 17 | Bond Finance | U.S. Dept. of Housing & Urban Development (HUD)
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