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CDFA Tennessee Financing Roundtable Newsletter - February 2017

CDFA Tennessee Financing Roundtable Newsletter - February 2017
February 1, 2017
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CDFA Tennessee Financing Roundtable Newsletter

Feature

Germantown Seeks to Bolster Development with TIF
After months of work, Germantown has approved a policy governing the use of tax-increment financing as a tool to encourage development and provide a revenue stream for public infrastructure improvements.

Incentives Support $344M Bridgestone Plant Expansion
The Wilson Economic Development Council has recommended a $14 million incentive package to be distributed over an 11-year period for the local Bridgestone Americas plant which employs 1,750 people.

TIF Supports Renovation of Building in Downtown Bristol
A 100-year-old building has been vacant for several years, but soon it will be home to a new company and provide more than 2 dozen jobs thanks to a TIF which was approved by the city of Bristol, TN.

Downtown Dixon Parking Lot Hinges on Brownfield Designation
If the state determines the lot is a Brownfield, the city and TDEC officials will work together to find solutions for issues might exist. The city could be largely responsible for any redevelopment costs.

Tax Credits Will Support $30M Chattanooga Housing Development
The Chattanooga Housing Authority Board (CHA) approved $30 million in improvements at the Cromwell Hills Apartments.

Former Brownfield to be Converted to Public Park
The Chattanooga City Council has voted to approve $887,000 for a new park on the old Charles A. Bell School site. This was the final hurdle for the long-awaited Alton Park project which is expected to break ground in January.

Anderson County Approves First TIF for Two Industrial Sites
The community leaders of Anderson County saw the opportunity to restart industrial development in their community with a TIF. This TIF was approved to use future property tax revenue to improve infrastructure and increase development in the David Jones Industrial Park.

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.

President-elect Promises to Keep TEBs
Tax exemptions on municipal bonds are hardly the sexiest political issue surrounding Donald Trump's transition. But the US Conference of Mayors, meeting with the president-elect at Trump Tower on Thursday, were surprised with welcome news when they pressed Trump to keep the exemptions.

Upcoming Events

Intro Bond Finance WebCourse
March 1-2, 2017 - Daily: 12-5 pm Eastern
The Intro Bond Finance WebCourse provides an in-depth look at governmental and qualified private activity bonds, with a focus on industrial development bonds (IDBs), 501(c)(3) non-profit bonds, exempt facility bonds, and other special bond programs authorized by the federal government.

Intro Tax Credit Finance WebCourse
February 15-16, 2017 - Daily: 12-5 pm Eastern
The Intro Tax Credit Finance WebCourse examines the application of tax credit programs in greater economic development finance efforts. This course will discuss the practical application of tax credit programs including brownfields, new markets, low income housing, historic preservation, and state-specific programs.

CDFA Brownfields Financing Webinar: Financing Brownfields with Private Activity Bonds (PABs)
Thursday, March 9, 2017 - 2:00 - 3:30 pm Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities on March 9, 2016 from 2:00 – 3:30pm Eastern as we discuss Private Activity Bonds and how they can be used to compliment the redevelopment and cleanup of your brownfield project.

Sponsors

For information about sponsoring the CDFA Tennessee 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.


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


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Archives

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March 1, 2017
February 1, 2017




CDFA National Sponsors

  • BNY Mellon
  • Bricker Graydon LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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