Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Jaguars Seek Building Permit for $1.4 Billion EverBank Stadium Renovation in Florida
The Jacksonville Jaguars are moving forward with their $1.4 billion EverBank Stadium renovation as they seek a building permit for their $43.13 million Bid Package IFC #2B. This phase includes work on underground and blindside waterproofing, expansion joints, and...
Toyota Stadium in TX to Undergo $182M Revamp and Office Space Development
FC Dallas, in partnership with commercial real estate firm Cawley Partners, is reshaping Frisco’s sports landscape with a $182 million Toyota Stadium renovation and a multi-phase office development on the west side of the facility. Designed by Gensler, the project...
New York Invests $150 Million to Connect LIRR to MacArthur Airport
New York State has announced that it is committing $150 million to connect the Long Island Rail Road’s Ronkonkoma station to a proposed north terminal at Long Island MacArthur Airport, improving transit access and infrastructure. Suffolk County is now searching for a...
Hawai‘i Secures $849 Million Bond Funding for Airport Modernization
Hawai‘i’s airports are set for a major transformation with $849 million in bond funding aimed at upgrading infrastructure, marking the largest bond issuance in the state’s Airports System history. With the bonds having ratings of Aa3/AA-/AA-, these funds will be used...
Marion, IL Approves $150 Million STAR Bonds for Centre Mall Redevelopment
Marion City Council has approved $150 million in STAR bonds that will fund a major redevelopment of the former Illinois Centre Mall, bringing new recreational and entertainment spaces to the area. With plans to build a field house, indoor/outdoor pickleball complex,...
Ohio Invests in Major Mixed-Use Developments with $100 Million in Tax Credits
Ohio has announced that $100 million in tax credits will be allocated to support various mixed-use development projects through the Transformational Mixed-Use Development Program (TMUD). The major recipients for this fourth annual round of funding includes: a $33...
City of Cedar Rapids, IA, Alliant Energy, and QTS Partner to Build $750 Million Data Center Campus
The City of Cedar Rapids will welcome a new data center campus following its approval of a development agreement with QTS and Alliant Energy to build the facility in the Big Cedar Industrial Center, marking the largest economic development investment in the city’s...
Alabama Invests $23.5 Million for Site-Readiness of Industrial Properties
Site Evaluation and Economic Development Strategy (SEEDS) grants totaling $23.5 million have recently been awarded by the State Industrial Development Authority to accelerate industrial site readiness across Alabama, securing the state's future economic growth. These...
$14 Million TIF Boosts Affordable Housing Project in Cabrini-Green Site in Chicago
The development of an affordable housing project near the former Cabrini-Green site in Chicago is moving forward after securing approval from the Committee on Finance for $14 million in tax-increment financing (TIF) funds. The $52.9 million project at 547 W. Oak St....
New Bill Proposed to Make New Markets Tax Credit Permanent
A bipartisan bill, the NMTC Extension Act (H.R. 1103), has recently been proposed to make the New Markets Tax Credit (NMTC) Program permanent. The bill has already been referred to the House Ways and Means Committee, and if enacted, it would make the NMTC permanent,...
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