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CDFA Georgia Financing Roundtable Newsletter - August 2017
August 30, 2017
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CDFA Georgia Financing Roundtable Newsletter


T-SPLOST Approved for Transportation Infrastructure in GA
The Haralson County Commission approved an intergovernmental agreement with local cities for a potential 1-cent special purpose local option sales tax earmarked for transportation projects.

Lifeline to GA Nuclear Project Stuck in the Senate
A last-ditch effort to send hundreds of millions of dollars in tax incentives to Georgia's struggling Plant Vogtle nuclear project appears to be stuck in the U.S. Senate as lawmakers grapple with the prospect of a broader tax overhaul.

Developers Seeking Incentives for Developments in Fayetteville, GA
Developers are headed to the Fayetteville City Council to seek tax breaks for a proposed senior housing development near the city's downtown. The developer is asking for a 20-year "pay as you go model." The developers are seeking $2.6 million in funds over 20 years, which represents 10 percent of the property's estimated $26 million investment in the city.

Atlanta City Council approves $26M in Bonds for Homelessness Project
The Atlanta City Council (ACC) voted unanimously recently to allocate $26 million in bonds to help finance a project aimed at homelessness, achieving a promise made by Atlanta's mayor Kasim Reed during this year's State of the City address. The ACC will float a bond to raise the funds and will pay it off from distributions from tax-allocation districts and general fund dollars.

15 States Trying to Lure Toyota-Mazda $1.6B Plant
One of the biggest potential job-creating bonanzas in the country, a giant new auto plant proposed by Toyota and Mazda, began in secret with a mysterious code name. Now it has become a full-blown race among states to try to reel in the $1.6-billion project that will create 4,000 good-paying direct jobs and thousands of other indirect jobs.

Savannah, GA to Issue $8.6M in Bonds for Street Infrastructure
City officials are working on getting the financing necessary to complete some long-planned street projects downtown and in east and west Savannah, Georgia. These projects include the widening of Gwinnett Street, streetscaping work along Broughton, Bay and River streets, and Waters Avenue corridor improvements, which amount to a total investment of at least $25 million.

Upcoming Events

CDFA Brownfields Financing Webinar: Hazardous to Healthy: Financing Solutions for Recovering Brownfields
August 31, 2017 - 2:00 - 3:30 PM Eastern
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.


State Partner

Georgia Economic Developers Association

Venue Sponsor

Seyfarth Shaw LLP

Premium Sponsor

Public Financial Management

Supporting Sponsor

Development Authority of Clayton County Federal Home Loan Bank of Atlanta

For information about sponsoring the CDFA Georgia 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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