Civic Development News and Data

The latest local trends, news and insights on infrastructure, economic development, housing and economics.

Civic Development Podcast #3: P3s Unplugged with Thomas John, Seth Miller Gabriel and Jeremy Ebie

Episode #3: P3s Unplugged: Insights from the Washington DC Streetlights Project Three infrastructure insiders join us to break down the Washington DC Streetlights P3 Project, a case study of innovative thinking in urban development. The panelists share their insights...

$370M Microchip Facility to Boost Louisiana Economy, Add 300 Jobs

Radiance Technologies will invest $370 million to build a secure microchip research and manufacturing plant in Ruston, Louisiana. Backed by nearly $37 million in state support, the project is expected to create 150 direct jobs and 149 additional indirect positions....

Hyundai Raises U.S. Investment to $26 Billion

Hyundai Motor Group will boost its U.S. investment to $26 billion over the next four years, targeting steel, automotive, and robotics production. The plan includes a new low-carbon steel plant in Louisiana, increasing U.S. car production to 1.2 million units annually,...

Kentucky, Indiana Approve $933 Million I-69 Bridge Project

The Kentucky Public Transportation Infrastructure Authority and Indiana reached an agreement to move forward with the $933 million I-69 bridge over the Ohio River. Kentucky will financing, planning, and construction of the bridge, with costs shared equally between the...

Civic Development Podcast #1: The Big Beautiful Bill and Affordable Housing in the 2nd Trump Administration with David Gasson

Episode #1 David Gasson of MG Housing Strategies joins us to break down everything affordable housing professionals need to know about the state of play in the 119th Congress and the 2nd Trump Administration. * The episode begins with a discussion on the 2nd Trump...

GE Appliances to Invest $490 Million in Louisville, Kentucky Washer Plant

GE Appliances announced a $490 million investment to build its most advanced washer manufacturing plant at its Louisville, Kentucky headquarters, reshoring production from China and creating 800 new full-time jobs. The move strengthens Kentucky’s role as a hub for...

US Jobless Claims Climb Sharply, Highest Since 2021

Recurring jobless claims in the U.S. climbed to their highest level since November 2021, pointing to a labor market where unemployed workers are taking longer to find new jobs. Initial claims, however, dipped, which together with the increase in recurring claims...

$240 Million P3 Deal Brings Student Housing to Palm Beach Atlantic University

A $240 million public-private partnership between Gilbane and Palm Beach Atlantic University will bring a 25-story, mixed-use student housing tower to downtown West Palm Beach. The project includes 990 student beds, a dining hall, fitness center, and parking...

New Indiana Law Paves Way for Tolls, Rail Investment, Local Road Funding

Indiana has become the first state to authorize tolling on all interstate highways, allowing officials to seek federal waivers without additional legislative steps. The law also offers tax credits for private rail investments and gives counties new ways to fund road...

MO Gov. Kehoe Signs $1.5 Billion Stadium Incentive Package to Keep Royals, Chiefs

Missouri Gov. Mike Kehoe has signed off on a $1.5 billion stadium incentive package aimed at keeping the Kansas City Royals and Chiefs from relocating across the state line. The plan would cover up to 50% of stadium costs using tax revenue generated by the teams,...

Travois Secures $35M in NMTC Funding to Boost Native Community Economic Development

Oct 25, 2024 | Credits and Incentives

Kansas City-based Travois, a nationally certified Community Development Entity (CDE), recently received $35 million in New Markets Tax Credits from the U.S. Department of the Treasury to support Native community projects, which will be allocated towards projects in...

Vesper Holdings Acquires 432-Bed Student Housing Community in Denton, Texas

Oct 22, 2024 | Student Housing

Vesper Holdings has acquired Midtown 905, a 432-bed student housing community in Denton, Texas, marking its fifth acquisition of a student housing asset in the local market. The community is located near University of North Texas, and the company plans to invest $1.8...

The Annex Group Starts Construction on 542-Bed Student Housing Community at University of Memphis

Oct 22, 2024 | Student Housing

The Annex Group has officially broken ground on a new student housing community at the University of Memphis, which will be able to accommodate both students and student athletes with a total of 542 beds. Expected to open in fall 2026, the said development will offer...

Harrison Street Closes $2.5 Billion Senior Housing Fund

Oct 22, 2024 | Senior Housing

Harrison Street has successfully closed its Harrison Street Real Estate Partners IX, L.P. fund, raising over $2.5 billion in capital commitments, with more than $7 billion in buying power. The fund will be invested on various sectors, including senior housing assets...

Joint Venture to Develop $44 Million Affordable Housing Project for Homeless Families in Charleston, SC

Oct 22, 2024 | Affordable Housing

A new $44 million, 87-unit affordable housing project in Charleston, S.C., is set to rise soon, which will be developed by a joint venture of The Michaels Organization, Spandrel Development, and One80 Place. The six-story complex aims to serve homeless families and...

$22 Million Financing Closed by MassHousing for 61 New Affordable Rental Units in Salem

Oct 22, 2024 | Affordable Housing

With the closing of $22 million in financing by MassHousing, North Shore Community Development Coalition (NSCDC) is moving forward with the redevelopment of two former school buildings in Salem into 61 affordable rental units, with the funding package consisting of...

PennDOT Taking Unsolicited Proposals for P3 Transportation Projects

Oct 18, 2024 | Infrastructure, Public Private Partnerships (P3s), Transportation

As part of its Public-Private Partnerships initiative aimed at improving various modes of transportation, the Pennsylvania Department of Transportation Office of Public-Private Partnerships (P3) is inviting unsolicited proposals from the private sector for...

TxDOT Moves Forward with $13 Billion I-45 Expansion Amid Opposition

Oct 18, 2024 | Infrastructure, Transportation

The Texas Department of Transportation is kicking off construction on its $13 billion I-45 expansion, starting with drainage improvements on St. Emmanuel St., straightening and widening I-69 to 10–12 lanes, and installing a new downtown connector from I-45. The...

Oklahoma Transportation Commission Approves $8.6 Billion Eight-Year Construction Plan

Oct 18, 2024 | Finance - Infrastructure, Infrastructure, Transportation

With an aim to address statewide transportation needs, the Oklahoma Transportation Commission has approved a comprehensive $8.6 billion Eight-Year Construction Work Plan, which covers 1,647 projects statewide aimed at improving 632 bridges, with 299 identified as...

DOT to Invest $62 Billion in U.S. Transportation Infrastructure for FY 2025