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CDFA Oklahoma/Kansas Financing Roundtable Newsletter - May 2017
May 31, 2017
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CDFA Oklahoma/Kansas Financing Roundtable Newsletter

Feature

Wind Industry Calls OK Marketplace 'Uncertain' With End of Incentive
Oklahoma's burgeoning wind energy capacity was accompanied by the swelling cost of the state subsidies that encouraged the industry's growth. That accommodating competitive environment seems to be changing rapidly. For turbines that come on line after July 1, a key subsidy — the zero-emissions facilities tax credit — won't be available.

EPA Grant Helps The Kickapoo Tribe of OK Revitalize Brownfields
The U.S. Environmental Protection Agency (EPA) announced the Kickapoo Tribe of Oklahoma is one of 172 communities and tribes across the country selected to receive funding for brownfield site revitalization efforts. A total of approximately $56.8 million will fund selected recipients for brownfield site assessments and clean up. 

TIF and CID Being Negotiated for Ottawa, KS, Hotel
A new hotel in Ottawa, Kansas, is being proposed and tax increment finance and a community improvement district are being negotiated in order to fund the development. The purpose of the redevelopment project is to help the city develop and redevelop for Ottawa's residents and for the state of Kansas.

County Approves Financing for Wichita Downtown Development Project
Sedgwick County commissioners have voted to approve a TIF district by Wichita, KS. The project will include a multi-use pathway for the neighborhood and the renovation or reconstruction of Lawrence-Dumont Stadium as a multi use stadium for other sports, concerts and special events.

EPA Grant of More Than $100K Will Help Protect OK Drinking Water Sources
The U.S. Environmental Protection Agency (EPA) recently awarded $100,323 to the Oklahoma Corporation Commission (OCC) to protect groundwater from underground injection or disposal wells.

KS House Votes to Continue STAR Bonds
The Kansas House of Representatives voted 112-11 in final action Wednesday morning to keep STAR bonds as an economic development incentive. Senate approval is needed, but the bill cleared a hurdle Tuesday when the House rejected amendments that would have affected the budget.

RLF Will Support New Business in Vacated JC Penney
JC Penney has announced plans to close its Chanute location, and Finley wants to provide a place where people can buy affordable clothing. The RLF committee recommended that the city approve a $68,000 loan to support Trend, a new consignment shop that will move into the old JC Penney.

In KC, Brookridge Redevelopment to Utilize TIF and Bonds
It took Curtin Property Co. more than two years to win preliminary plan approval for its $1.8 billion mixed-use redevelopment plan for the Brookridge Golf & Fitness site. The total amount of incentives the developer is eligible to receive through TIF and Kansas sales tax revenue (STAR) bonds is about $550 million.

Upcoming Events

CDFA Oklahoma/Kansas Conference
June 8, 2017 - Salina, KS
Join the CDFA Oklahoma/Kansas Financing Roundtable for a special one-day conference hosted at Kansas State. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Oklahoma/Kansas economy going forward.

Intro Food Systems Finance WebCourse
June 7 - 8, 2017 - Daily: 12:00 - 5:00 PM Eastern
The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

CDFA Brownfields Financing Webinar: Reviving Commercial Activity on Former Manufacturing Sites
June 15, 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.


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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CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • Ballard Spahr LLP
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
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