CDFA Missouri Financing Roundtable Newsletter - January 2017
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| Feature |
Brookridge Project in Overland Park Clears Another Hurdle
Developers for the Brookridge project in Overland Park sidestepped another potential obstacle on Wednesday when the Shawnee Mission school board chose not to block the development's potential use of tax increment financing.
CleanFund Provides $3M in PACE Finance for Kansas City Project
Two developers in downtown Kansas City will utilize a combined $3M in PACE financing to upgrade the historic Brookfield Building and a former warehouse. The financing will be used for a series of energy efficiency upgrades and improvements to their properties.
Four St. Louis Projects Receive $51M in TIF
Two of the projects supported by this TIF announcement are a three-story northgate project on the current site of a gas station and the renovation of the old Armory on market street. Total investment for the two projects is anticipated to be $110 million.
MO Incentive's Fall Short of Job Creation
Missouri provides income tax credits and lets companies keep a portion of employee withholding taxes for new jobs. The state also provides job-training funds to businesses and community development grants to build infrastructure needed by companies.
St. Louis Considering Issuing $67.5M in Bonds for Scottrade Center
St. Louis aldermen will consider spending about $4 million annually for 20 years to help fund renovations of the city-owned arena that is home to the St. Louis Blues. The bonds would be repaid by a new 1 percent sales tax collected solely at the Scottrade Center and the Peabody Opera House next door.
PACE Debuts in KC to Close Funding Gap in a Redevelopment Project
A new financing tool, Property Assessed Clean Energy funding, is helping redevelopers convert a former paper warehouse in Kansas City's Crossroads Arts District to apartments. The Walnut Terrace apartments will be at 1721 Walnut St. KEM Studio.
NMTC Coalition Urges Supporters to Sign Letter
The NMTC Coalition is sending a letter to Congress urging leadership to protect the New Market Tax Credit. Please consider signing their letter if you support this important development tool.
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Upcoming Events |
CDFA Missouri Conference
April 20, 2017 - St. Louis, MO
Join the CDFA Missouri Financing Roundtable, in partnership with MEDFA, on April 20, 2017 for a special one-day conference hosted at the offices of the St. Louis Economic Development Partnership. 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 Missouri economy going forward.
Register today to reserve your spot at the 2017 CDFA Missouri Financing Roundtable Conference.
Learn More About CDFA's Free Technical Assistance for Brownfields
February 1, 2017 - 1:00 pm Eastern
The Council of Development Finance Agencies (CDFA) offers free technical assistance to State, Local, and Tribal brownfield financing efforts. CDFA and partners provide resources and expertise related to revolving loan funds, tax credits, tax increment finance and other effective financing tools.
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Missouri News |
Oregon County Designated Agri-Ready
AreaWideNews | Jan. 11 | Agriculture Finance
Infrastructure Investments May Attract New Industry to Kirksville
Kirksville Daily Express | Jan. 10 | Infrastructure Finance
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Sponsors |
Roundtable Partner
Venue Sponsor
For information about sponsoring the CDFA Missouri Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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