Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
$344.2 Million Secured to Refinance Brookdale Senior Living’s Portfolio
JLL has successfully secured a $344.2 million, seven-year fixed-rate note for Brookdale Senior Living, which will be used to refinance a portfolio of 47 senior housing communities. Spanning 14 states, the portfolio includes 5,102 units offering independent, assisted,...
Seattle, WA Commits $108 Million to Affordable Housing
Tackling Seattle’s growing housing needs and promoting long-term affordability, Mayor Bruce Harrell has announced that the city is committing a $108 million investment in affordable housing, which will come from Seattle's 2023 Housing Levy. This initiative will...
$64.2 Million Investment to Boost Affordable Housing in Boston, MA
In a step to address Boston's housing needs, Mayor Michelle Wu has announced that $64.2 million has been earmarked for the creation and preservation of 637 affordable housing units across eight Boston neighborhoods. The funding will support twelve mixed-income housing...
Oregon Secures $30M for Dual-Lane Roundabouts Construction on Highway 126
$30,259,024 in federal funding from USDOT’s Rural Surface Transportation Grant Program will be awarded to the Oregon Department of Transportation, which will be used to improve a two-mile stretch of Highway 126 in Lane County. The project will involve the construction...
Vermont Secures $25.8M Federal Grant to Replace Readsboro Bridge
Vermont has recently been awarded a $25.8 million federal grant, made through the USDOT’s Rural Surface Transportation Grant Program, to replace the aging Readsboro Bridge over the Deerfield River in Bennington County, a critical link for the Readsboro community. The...
$1.97 Billion Awarded to Chicago Transit Authority’s Red Line Extension Project
The Federal Transit Administration has recently signed a Full Funding Grant Agreement with the Chicago Transit Authority (CTA) to invest $1.97 billion in extending Chicago’s Red Line by 5.5 miles. This extension will connect the city's Far South Side to the L system,...
Maryland DOT Unveils $21.2 Billion Transportation Program Plan for 2025-2030
The Maryland Department of Transportation (MDOT) has unveiled its $21.2 billion Final Consolidated Transportation Program (CTP) for 2025-2030, which will be used to finance projects focusing on safety, reliability, and sustainability, potentially leading to statewide...
Baltimore, MD to Receive $85 Million for “Highway to Nowhere” Redevelopment
Baltimore, Maryland, is set to receive $85 million from the U.S. Department of Transportation, which will be used for the redevelopment of the "Highway to Nowhere," a project that has displaced residents and divided communities. The funding, provided through the...
New York City FC Financing $780 Million Stadium in Queens
The first all-electric stadium in the U.S. is coming to Queens, New York, with New York City FC financing the construction of the $780 million Etihad Park. Turner, a subsidiary of ACS, has reportedly begun work on the stadium. Expected to be completed in 2027, the...
Port Canaveral in Florida Receives $41 Million for Shoreline Preservation
Port Canaveral in Florida has successfully secured $41 million in federal funding, which will go toward an initiative to combat downdrift erosion along the Space Coast. In partnership with the U.S. Army Corps of Engineers, the project involves dredging and bypassing...
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