CDFA Louisiana Financing Roundtable Newsletter - May 2016

CDFA Louisiana Financing Roundtable Newsletter - May 2016
May 25, 2016



Feature
LA Bill to Create N.O. TIF District Gains Momentum House Bill 1056 passed unopposed through a Senate committee on May 18th. If it becomes law, HB 1056 would grant the Exhibition Hall Authority power to impose its own taxes within a 47-acre economic development district. LCG Receives TIGER Grant, Encourages Public Discussion The Lafayette Consolidated Government received a $300,000 federal Transportation Investment Generating Economic Recovery grant to work with residents and business owners to identify ways to revitalize the community. LED Supports Creation of UL Lafayette, CGI Tech Center UL Lafayette and CGI have opened a 50,000 sq ft technology center in Lafayette, LA. Louisiana Economic Development supported the P3 through incentives and a $5.3 million grant. LA Port of Lake Charles Struggles to Finance Dredging Annual dredging of the Port of Lake Charles costs between $30 and $40 million, with costs expected to rise due to increasingly limited disposal sites. Officials seek $8 million annually from the state to maintain the port. LA Bond Commission Approves $91M for Projects The State Bond Commission has approved $91 million for projects statewide, which include the construction of sanitary sewage collection and disposal systems, improving waterworks systems, and for improving, maintaining, and/or repairing public streets. Council Overrides E. Baton Rouge Mayor, Creates Economic Zone The East Baton Rouge Metro Council overrode Mayor Holden's veto, establishing an economic opportunity zone. The economic opportunity zone is a district where developers can receive property tax abatements of up to 10 years for developments. Enroll Now! CDFA Online Brownfields Marketplace - June 22-24 June 22-24, 1:00 - 5:00pm Eastern CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online on June 22-24 to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.
Upcoming Events
CDFA Louisiana Conference November 1, 2016 - New Orleans, Louisiana Join CDFA for the 1st Annual Louisiana Financing Roundtable Conference on November 1st in New Orleans! In partnership with LPFA, This year's conference will be a kick-off event for our 30th National Development Finance Summit held on November 1-4th at the Astor Crown Plaza in the French Quarter.
Louisiana News
Hammond, LA Businesses Can Apply for RIG Funds The Daily Star \| May. 24 \| Access to Capital \| Historic Preservation \| Redevelopment EPA Announces FY16 Brownfields Grant Selections US EPA \| May. 24 \| Brownfield Financing \| U.S. Environmental Protection Agency (EPA) Inside Five Tools Cities Can Use to Pay for Infrastructure Next City \| May. 23 \| Infrastructure Finance \| Local Finance Program \| Public-Private Partnership (P3) Financing \| State Finance Program Senate EPW Committee Votes to Reauthorize EPAs Brownfields Program Smart Growth America \| May. 23 \| Brownfield Financing \| U.S. Environmental Protection Agency (EPA) New Brownfield Grant Opportunity: ATSDR Community Health Projects Grants.gov \| May. 23 \| Brownfield Financing Site Selection Names Top Deals 2016 Site Selection \| May. 12 \| Economic Development \| Incentives April 2016 Tax Credits & Incentives Update Horwood Marcus & Berk \| May. 12 \| Incentives \| Legislative \| Tax Credits >>> SEARCH HEADLINES
Sponsors
Roundtable Partner For information about sponsoring the Louisiana Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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.