Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
$2 Billion Funding Secured for Louisiana P3 Bridge Project
The Lake Charles Interstate 10 bridge project is on track and has secured financing following the Louisiana State Bond Commission's approval last Wednesday of $2 billion in Revenue Bonds. The project, which will be partially funded through a public-private...
Florida Community Divided Over Plans to Redevelop Park With Public-Private Partnership
The Cape Coral City Council is still receiving pushback from residents near Jaycee Park, just two weeks away from the final approval of its redevelopment plans. Despite modifications and public input, the proposed public-private partnership project continues to face...
Flash Update: Homeownership Rates in Every City (August 2024 Release)
CivMetrics collects key housing data for the largest cities in the United States. In this post, we look at new data on homeownership rates in large US cities. For questions about our data, or to request data, please contact [email protected]. Data is...
Flash Update: Case-Shiller Home Price Index in 20 Cities (August 2024 Release)
CivMetrics collects key real estate data for the largest cities in the United States. In this post, we look at new Case-Shiller Home Price Index data for 20 cities. For questions about our data, or to request data, please contact [email protected]. Data...
Flash Update: Unemployment Rate in Every Metro (August 2024 Release)
CivMetrics collects key employment data for the largest cities in the United States. In this post, we look at new data on unemployment rates in US metro areas. For questions about our data, or to request data, please contact [email protected]. Data is...
Pitbull Secures $6 Million Naming Rights Deal for FIU Football Stadium
Musician Pitbull has successfully secured a five-year, $6 million deal to rename FIU's football stadium, making FIU the first college to name a facility after a musician. Under the deal, Pitbull is expected to pay the school $1.2 million yearly for the next five...
Salt Lake City Affordable Housing Project Receives $64.7 Million Financing Package from KeyBank
Blaser Ventures has secured a $64.7 million financing package from KeyBank Community Development Lending and Investment for the construction of Silos Apartments, a high-rise affordable housing project in Salt Lake City, Utah. The package, facilitated by KeyBank,...
After Proposition 123 Approved by Colorado Voters, Governor Announces Awards to Six Affordable Housing Projects
In line with Colorado voters giving the green light to Proposition 123, an affordable housing initiative that allocates 40% of the State Affordable Housing Fund to the Colorado Affordable Housing Support Fund and 60% to the Colorado Affordable Housing Financing Fund...
Pasadena City Council To Review Housing Legislation, Aiming to Boost Affordable Housing Development
As the state tackles its ongoing housing crisis, the Legislative Policy Committee of Pasadena City Council reviews its housing legislation in hopes of boosting affordable housing development and improving its housing policies. Some of the measures included in the...
Marcus & Millichap Completes the Sale of a $71 Million Affordable Housing Property
Located in San Jose, California, the 160-unit affordable housing complex Moreland Apartments was recently sold for $71 million, or $443,750 per unit, by Marcus & Millichap, a real estate brokerage firm. In its press release, Marcus & Millichap said: On the...
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