Oklahoma's burgeoning wind energy capacity was accompanied by the swelling cost of the state subsidies that encouraged the industry's growth. That accommodating competitive environment seems to be changing rapidly. For turbines that come on line after July 1, a key subsidy — the zero-emissions facilities tax credit — won't be available.

The U.S. Environmental Protection Agency (EPA) announced the Kickapoo Tribe of Oklahoma is one of 172 communities and tribes across the country selected to receive funding for brownfield site revitalization efforts. A total of approximately $56.8 million will fund selected recipients for brownfield site assessments and clean up. 

A new hotel in Ottawa, Kansas, is being proposed and tax increment finance and a community improvement district are being negotiated in order to fund the development. The purpose of the redevelopment project is to help the city develop and redevelop for Ottawa's residents and for the state of Kansas.

Sedgwick County commissioners have voted to approve a TIF district by Wichita, KS. The project will include a multi-use pathway for the neighborhood and the renovation or reconstruction of Lawrence-Dumont Stadium as a multi use stadium for other sports, concerts and special events.

The U.S. Environmental Protection Agency (EPA) recently awarded $100,323 to the Oklahoma Corporation Commission (OCC) to protect groundwater from underground injection or disposal wells.

The Kansas House of Representatives voted 112-11 in final action Wednesday morning to keep STAR bonds as an economic development incentive. Senate approval is needed, but the bill cleared a hurdle Tuesday when the House rejected amendments that would have affected the budget.

JC Penney has announced plans to close its Chanute location, and Finley wants to provide a place where people can buy affordable clothing. The RLF committee recommended that the city approve a $68,000 loan to support Trend, a new consignment shop that will move into the old JC Penney.

It took Curtin Property Co. more than two years to win preliminary plan approval for its $1.8 billion mixed-use redevelopment plan for the Brookridge Golf & Fitness site. The total amount of incentives the developer is eligible to receive through TIF and Kansas sales tax revenue (STAR) bonds is about $550 million.

Join the CDFA Oklahoma/Kansas Financing Roundtable for a special one-day conference hosted at Kansas State. 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 Oklahoma/Kansas economy going forward.

The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss how the finance toolbox can be used to compliment the redevelopment and cleanup of your brownfield project.