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CDFA Washington Financing Roundtable Newsletter - October 2016
October 19, 2016
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CDFA Washington Financing Roundtable Newsletter


Historic Tax Credits to Help Fund Seattle Asian Art Museum Renovation
Funding for the $49 million dollar project will come from a mixture of public and private funds. Up to $21 million will come from the city of Seattle, as the Asian Art Museum structure is owned by the city. Another $5 million will come from Historic Rehabilitation tax credits. This leaves $23 million for the museum to raise privately.

OR and WA Offer Top Tax Breaks to Data Centers
Oregon and Washington offer some of the most lucrative tax breaks in the nation to large data centers. Washington provided tax breaks worth $57.4 million to data centers in its last fiscal year and Oregon's incentives are valued at $33.7 million.

Spokane City Council Names Riverfront Park a ‘Brownfield'
Hoping to recoup some of the unexpected costs of soil cleanup during Riverfront Park's $64 million renovation, the City Council voted Monday night to declare the 42-year-old attraction a contaminated site.

Brownfields are Becoming WA Developers' Next Frontier
In the last two years, the Department of Ecology has seen a 50 percent increase in the number of contaminated sites being reported and increased applications into the Voluntary Cleanup Program. Communities across Washington state are increasingly looking at vacant and shuttered former industrial sites as opportunities to spark revitalization.

WA to Promote Regional Economic Opportunities in Tech
Washington State and British Columbia have shared interest in creating regional economic opportunities for innovation in the technology sector. Government and business leaders are collaborating on the development of a new 21st century tech corridor to encourage meaningful and results-driven innovation and collaboration.

WA Announces $7M to Help Researchers in Clean Energy Technology
The Washington State Department of Commerce announced the next nine projects awarded matching grants from the state's Clean Energy Fund. The grants total just over $7 million and will be matched by another $12.3 million in non-state funding as spelled out in the winning project proposals.

Upcoming Events

CDFA's 30th National Development Finance Summit
November 2-4, 2016 - New Orleans, LA
Join CDFA in New Orleans, Louisiana for the 2016 National Development Finance Summit! Hosted by the Louisiana Public Facilities Authority (LPFA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

Washington News

Seattle's Priciest Home for Sale Will No Longer Have a $0 Tax Bill
The Seattle Times | Oct. 17 | Tax Credits

WA Farmers to Collect $95M to Offset Low Crop Prices
The Spokesman-Review | Oct. 6 | Agriculture Finance | Federal

WA Urbanova Set to Drive Innovation and Economic Development for Cities of the Future
Business Wire | Sep. 29 | Economic Development | Infrastructure Finance | Innovation Finance


Conference Premium Sponsor

Kutak Rock LLP

For information about sponsoring the CDFA Washington 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

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  • FBT Project Finance Advisors LLC
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  • Ice Miller LLP
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  • Z. The Bond Buyer
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