The Walcourt, a one-time architectural gem in OKC that has eluded efforts to buy and bring the landmark back to life, is under contract to a developer with extensive experience in breathing life into similar properties. The next step for the developers is to work with the State Historic Preservation Office to obtain historic tax credits and ensure their restoration will preserve the Walcourt for the next century as the surrounding neighborhood itself comes back to life.

A STAR Bond is a tax increment financing program which allows city governments in Kansas to issue special revenue bonds that are repaid by all of the revenues received by the city or county from incremental increases in taxes within the designated portion of the city's "sales tax and revenue" (STAR) Bond district. Kansas Legislative Research Department answers other key aspects of a STAR bond.

Gary Brooks thinks he is facing a complicated financing structure for redeveloping First National Center into a hotel, housing, retail and parking. It's a big deal with a price-tag of $230 million and involves a mix of tax credits and tax increment financing.

The Overland Park City Council recently approved the designation of a 4.4-acre site as a TIF District to pave the way for Metcalf 108, a mixed-use project consisting of an office complex and parking structure, and a 123-room Staybridge Suites hotel.

Stephen Lamar writes of the importance of bond issues for school development in Oklahoma.

Fitch Ratings has downgraded the ratings on several Oklahoma bonds one notch — a move that could increase the state's borrowing costs on a number of projects.

A citizens group supporting incentive reform in Kansas City appears to have won a victory related to a tax increment financing plan created in 1991 to address flooding concerns along Universal Avenue in northeast Kansas City.

CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.

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.

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