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,...

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...

$2 Billion Funding Secured for Louisiana P3 Bridge Project

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

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

Aug 12, 2024 | Economic Development, Public Private Partnerships (P3s)

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)

Aug 9, 2024 | Uncategorized

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)

Aug 9, 2024 | Local Economics

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)

Aug 9, 2024 | Local Economics

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

Aug 9, 2024 | Stadiums

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...

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