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Brownfields Financing Update
May 5, 2015
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Brownfields Financing Update

Features

CDFA Brownfields Project Marketplace - Last Call for Projects!
CDFA is excited to announce the Brownfields Project Marketplace, which will take place on May 19, 2015 from 1pm-5pm EDT in Columbus, Ohio. The Brownfields Project Marketplace provides communities the opportunity to receive special assistance with brownfields redevelopment projects. Communities will detail important information on a site and engage in open discussion with financial and brownfields experts.

Carlisle Pursues TIF to Spur Factory Site Redevelopment
According to the Senitel, Carlisle Borough is in the early stages of pursuing a Tax Increment Financing (TIF) strategy to leverage money up-front for infrastructure improvements to spur redevelopment of the former Lear/IAC factory site.

Leveraging Brownfields Transformation: 5 Proven Finance Tools for Revitalization Results
This Public Management article by CDFA staff highlights the benefits of the development finance toolbox approach and how communities can use this model to help spur economic development and revitalize brownfields.

Governor Cuomo Announces Designation of 12 Brownfield Opportunity Areas
The designation of 12 brownfield opportunity areas across New York State was announced by Governor Andrew M. Cuomo. As part of the Brownfield Opportunity Areas Program, the 12 economically-challenged communities will be given priority status for grants and additional Brownfield Cleanup Program tax credit incentives.

Salem Gets Serious About Redeveloping Brownfields
According to Portland Business Journal, the Oregon Brownfields Coalition is advancing bills and legislation to capitalize a fund to clean contaminated sites in the state. The group hopes to achieve a tax incentive program, new funding for cleanups, and local authority to create land banks.

Upcoming Events
Intro EB-5 Finance Course
CDFA Brownfields Technical Assistance Program

CDFA Brownfields Financing Webinar: Financing Disaster Recovery
Join CDFA, our technical partners, and experienced brownfield communities on June 4, 2015 at 2:00pm EDT as we discuss financial strategies that can bring your brownfield projects to new life following a natural disaster. This free webinar will focus on disaster recovery assistance and highlight best practice examples, case studies, and brownfield redevelopment financing tools that will allow your community to be more resilient in the face of natural disasters.

Brownfields Financing Headlines

Tampa, Fl Brownfield Assessment Grant Program
tampagov.net | May. 4 | Access to Capital | Brownfield Financing | Local Finance Program

Grant Helps New Development Come to Sturgis
WLKM | May. 1 | Access to Capital | Brownfield Financing | Economic Development | State Finance Program

CT Legislators Consider Tax Incentives for Revitalization
Republic American | Apr. 27 | Access to Capital | Brownfield Financing | Legislative | Tax Credits

VT Program to Revitalize Brownfields Now Accepting Applications
vtdigger.org | Apr. 27 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment | State Finance Program

Row & Partners Introduce Indy Brownfields Accelerator Program
Reconnectingtoourwaterways.org | Apr. 24 | Access to Capital | Brownfield Financing | Redevelopment

IEDA Approves $1M in Tax Credits for Sherman Project
Business Record | Apr. 23 | Access to Capital | Brownfield Financing | Redevelopment | Tax Credits

Abandoned Buildings: Help Arriving for Communities
Montgomery-Herald | Apr. 17 | Access to Capital | Brownfield Financing | Local Finance Program | Redevelopment

Tax Credits for Toxic Sites Proposed in Connecticut
ctpost.com | Apr. 17 | Access to Capital | Brownfield Financing | Legislative | Tax Credits

St. Paul Project Gets $200K Redevelopment Grant
TwinCities.com | Apr. 15 | Access to Capital | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA)

Brownfield Plan Modified for Founder's Landing Project
ABC10 | Apr. 13 | Access to Capital | Bond Finance | Brownfield Financing | Tax Increment Finance (TIF)

Brownfields Experts Will Meet to Advance Next-Gen Redevelopment Strategies
NJIT | Apr. 13 | Access to Capital | Brownfield Financing | Economic Development | Recommended Practices | Redevelopment

Millions Sought for Traverse City Brownfields
Record-Eagle | Apr. 10 | Access to Capital | Brownfield Financing | Tax Credits

Pulaski's Brownfields Revitalization Program
Draper Aden Associates | Apr. 10 | Access to Capital | Brownfield Financing | Local Finance Program

TIF Board Approves Hilton Annex Incentive
Fort Worth Business Press | Apr. 9 | Access to Capital | Brownfield Financing | Economic Development | Redevelopment | Tax Increment Finance (TIF) | Urban Development

Wurlitzer Redevelopment Plan Advances
Detroit Free Press | Apr. 9 | Access to Capital | Brownfield Financing | Economic Development | Tax Credits


Highlights from the Online Resource Database

Benefits of Brownfield Redevelopment in Minnesota
Access to Capital | Brownfield Financing | Economic Development | Redevelopment
This report from Minnesota Brownfields outlines how the redevelopment of environmentally contaminated properties can lead to economic growth and community revitalization in Minnesota communities.

Connecticut Brownfields Fact Sheet
Brownfield Financing | Community Development | Economic Development | Redevelopment
The Connecticut Department of Economic and Community Development released this helpful fact sheet for brownfield remediation and redevelopment in the state.


The Council of Development Finance Agencies (CDFA) 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, visit www.CDFA.net or email info@cdfa.net.

Disclaimer: This publication was developed under Assistance Agreement No. TR-83576801-0 awarded by the U.S. Environmental Protection Agency. It has not been formally reviewed by EPA. The views expressed in this document are solely those of Council of Development Finance Agencies and EPA does not endorse any products or commercial services mentioned in this publication. 


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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