Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
ETBU Secures $475,000 Grant from EDA to Enhance Workforce Skills Through Specialized Courses
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
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
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
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
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
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
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
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
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...
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