The Campbell County Fiscal Court approved legislation creating a county-wide Energy Project Assessment District  (EPAD) that will allow property owners to obtain special financing for energy-efficiency upgrades to commercial, industrial, nonprofit, agricultural, and multi-family properties throughout the county.

The Village of Sister Bay is looking to develop a second tax increment finance district (TIF) along the southern corridor of Highway 57. The TIF, crafted by former Sister Bay village administrator Bob Kufrin, seeks to finance approximately $1.6 million in sewer and water connections to the proposed wedding barn development on Fieldcrest Road.

The developer of The Ridge has requested the city bond several million dollars more in order to help it begin phase II of the Route 11 shopping plaza. Waterstone Retail principal Josh Levy told the City Council on Tuesday night that his company needs $5 million because several phase II items will come at a greater cost than they did in phase I. Those items include excavation, grading, the disposal of surplus materials and mitigating the impact on the property's wetlands.

Cook Group Inc. will receive $5 million in county tax revenue to help cover some of the cost to renovate the former General Electric Appliances plant. Overall, Cook plans to invest $125 million into renovating the site. Improvements plan include a 1.5-mile public walking path around the property, landscaping, redevelopment of office and manufacturing space and parking lot improvements.

The Iowa City Council has agreed to give owners of the Iowa City Marketplace more time to meet missed requirements in order to receive $1.75 million in tax increment financing rebates.

Baltimore Housing officials next month plan to ask for a city subsidy of between $50 million and $100 million to help redevelop a wide swath of East Baltimore, including an overhaul of the Perkins Homes public housing complex.

The City's proposal aims at growing the TIRZ to approximately 400 acres from just under 70 acres. The City created the zone in 2013 to help encourage development for the Medical Center of the Americas (MCA) campus. The TIRZ revenue stream will be used to fund public improvements within the zone's boundaries.

CDFA needs your help to source deals, projects and programs and will be accepting submissions for potential deals, projects and program presentations. If selected, each speaker will be given one complimentary registration to attend the CDFA National Summit.

Boynton Beach officials have given the final OK to pay about $118 million to redevelop 16 acres off Boynton Beach Boulevard into a pedestrian-friendly, town center to live, work and play.

The Public Finance Authority will issue $140 million of tax-exempt bonds on behalf of the Lombard Public Facilities Corporation to refinance the Westin Lombard Yorktown Center in Lombard, IL. The restructuring frees up money to reinvest millions in necessary facility upgrades and improvements to the hotel.

CDFA Federal Financing Webinar Series
February 28, April 12, June 14, August 16, and October 18, 2018 - 2:00PM Eastern

>>> SEARCH HEADLINES