Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
$570 Million TIF Fuels Denver’s $4.6 Billion Fox Park Development
Denver is set to transform a former Superfund site into a $4.6 billion mix-use development, funded partly by taxpayer dollars, which will feature 2 million square feet of office space, 50,000 square feet of cultural space, 521 hotel rooms, and over 3,000 housing...
$10.6 Million TIF Proposal Aims to Boost High-Rise Development in West Palm Beach
A $10.6 million tax increment financing (TIF) request has been forwarded by WPB Fern Holdings LLC to the city’s Community Redevelopment Agency (CRA) Board for the development of a 25-story mixed-use project in downtown West Palm Beach. The developers plan to include...
St. Peter City Council Greenlights TIF for 50-Unit Apartment Project in Minnesota
The St. Peter City Council has approved tax increment financing (TIF) for St. Peter Land LLC to construct a 50-unit apartment building west of Klein Street. The TIF conditions stipulate that the developer will receive up to $1,011,164 or 12 years of reimbursement for...
New Laws Boost HTC Programs in Missouri, Massachusetts, and Pennsylvania
Recent legislative changes in Missouri, Massachusetts, and Pennsylvania have enhanced state Historic Tax Credit (HTC) programs, boosting development opportunities in the affordable housing sector with increased tax credits and expanded eligibility. Key changes...
Mobile Airport Authority Secures $7.5 Million Grant for New Terminal Development
The Mobile Airport Authority is the newest recipient of Bipartisan Infrastructure Law (BIL) Airport Infrastructure Grant (AIG) as it is awarded with $7,510,599 federal funding, a significant boost to support its ongoing project. This substantial funding will be used...
$86 Million Mansfield Sports and Entertainment District: A Public-Private Partnership to Deliver a Stadium and Entertainment Venue
The Mansfield Sports and Entertainment District has officially broken ground, marking a major public-private partnership among REV Entertainment, FC Dallas, High5 Entertainment, and the Mansfield Economic Development Corp. The project will feature a 7,000-seat...
Marin County, CA Approves $33 Million Bond Financing for Acquisition and Renovation of Senior Housing Complex
$33 million in bond financing has been approved by the Marin County supervisors for the acquisition and rehabilitation of the Parnow Friendship House, a senior living complex in Santa Venetia, with up to $6 million planned to be allocated for renovations. The housing...
California Awards $789.8 Million for New Affordable Housing
In a announcement by Governor Gavin Newsom, 24 housing and sustainable projects across California will be getting a share of $789.8 million in cap-and-trade funds made through Affordable Housing and Sustainable Communities (AHSC) program. This award will be used to...
$73.3 Million Construction Loan Secured for FSU’s ‘The Hall’ Student Housing Project
Portman, 908 Group, Canyon Partners Real Estate, and PTM Partners are developing "The Hall," a Class-A student housing project at Florida State University, funded by a $73.3 million senior construction loan recently secured by the said joint venture from Pacific Life...
Los Angeles Pays $38.2 Million Settlement For False Accessibility Claims in Affordable Housing
The City of Los Angeles has recently agreed to pay $38.2 million to settle a lawsuit filed by the U.S. Department of Justice, alleging that the city violated the False Claims Act by falsely certifying its multifamily affordable housing units as accessible to people...
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