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,...

Ziegler Secures $6 Million Financing for Senior Living Community in Pennsylvania

Aug 12, 2024 | Senior Housing

In a press release, Ziegler, as financial advisor, announced that it has successfully facilitated a $6,375,000 financing deal for Comprehensive Care Capital for the acquisition of a 114-unit assisted living and memory care community in East Norriton, PA, now renamed...

San Antonio Senior Housing Project Faces Uncertain Future After Developer Withdraws Zoning Request

Aug 12, 2024 | Senior Housing

Mission Road Apartments, an intended affordable senior housing project in South Side San Antonio, has stalled after Rise Residential, the Dallas-based property developer, failed to secure necessary competitive tax credits and withdrew its zoning change request. Rise...

ETBU Secures $475,000 Grant from EDA to Enhance Workforce Skills Through Specialized Courses

Aug 12, 2024 | Economic Development

The Economic Development Administration has awarded East Texas Baptist University a $475,000. The funding will be committed towards specialized courses aimed at improving workforce skills, including technical, interpersonal, and communication skills. KLTV reported:...

Pennsylvania Budget Allocates $500M+ for Economic Development Initiatives

Aug 12, 2024 | Economic Development

Pennsylvania Governor Josh Shapiro has signed a bipartisan budget this month, allocating funding towards community and economic development. Key initiatives include $500 million for site development, earmarking $400 million for PA SITES program, $20 million for the...

FHLB Dallas Launches CANOPY Fund to Boost Affordable Housing and Economic Development

Aug 12, 2024 | Affordable Housing, Economic Development

The Community Advancement through New Opportunities and Partnerships Yielding Results (CANOPY) Fund, which will offer low-cost, unsecured loan funds for terms of up to 10 years, has recently been introduced by the Federal Home Loan Bank of Dallas (FHLB Dallas). CANOPY...

Chattanooga Sports Authority Approves $80 Million Bond for South Broad Stadium

Aug 12, 2024 | Infrastructure, Stadiums

In a major step for Chattanooga's sports scene, the its Sports Authority Board has greenlit an $80 million bond which will be used to finance the $112 million South Broad Stadium, with repayment planned through tax revenue generated by the stadium. However, payments...

Cleveland Unveils $461 Million Proposal to Keep Browns at Current Stadium

Aug 12, 2024 | Infrastructure, Stadiums

The City of Cleveland has recently unveiled its $461 million financing plan aimed at keeping the Cleveland Browns at their current stadium. The 30-year lease proposal is expected to address both the enhancement of the Browns' facilities and the needs of the city's...

Tampa Bay Rays Secure Local Funding for $1.37 Billion Stadium

Aug 12, 2024 | Featured - Infrastructure, Infrastructure, Stadiums

The Tampa Bay Rays have clinched local government support for the construction of their $1.37 billion, 30,000-seat stadium in St. Petersburg, after Pinellas County Commissioners approved local funding this week for the said ballpark project. The commissioners approved...

Oakland A’s $380 Million Stadium Funding Up in Air as Court Weighs Constitutionality

Aug 12, 2024 | Featured - Infrastructure, Infrastructure, Legal - Infrastructure, Legal - Public Projects/Construction, Stadiums

The funding for a baseball stadium for the Oakland Athletics in Las Vegas remains uncertain as the constitutionality of its $380 million public financing plan has not yet been determined. The legal battle, initiated by Strong Public Schools Nevada, focuses on the...

Tennessee DOT Unveils Plan for I-24 Toll Lanes

Aug 12, 2024 | Infrastructure, Public Private Partnerships (P3s)

The Tennessee Department of Transportation has laid down its plans for choice lanes on Interstate 24 between Nashville and Murfreesboro, aiming to be the solution for congestion of traffic on the state's busiest roadway. The project, which is a public-private...

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