Metro Development and Civic News
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Major Federal Funding Boosts LAX with $40 Million for Infrastructure Projects
The federal government is injecting over $2 billion for airport upgrades nationwide, with LAX set to receive nearly $39.7 million earmarked for infrastructure projects. This includes $15.8 million for sound insulation equipment, $14 million for terminal improvements,...
Monterey Airport Lands $37 Million for Critical Infrastructure Improvements
$37 million in federal funds is coming to Monterey Regional Airport to support critical upgrades, including $2,815,801 for runway improvements, $16,788,053 for apron tarmac upgrades, $958,274 for aircraft rescue equipment, and $16,744,657 for landside terminal...
Port of Los Angeles Secures $52 Million for Pier 300 Expansion Project
The Port of Los Angeles moves forward with its $52 million project to expand on-dock rail capacity at Pier 300, as Los Angeles Harbor Commission has approved a lease amendment about the project plans. The project, set to begin in 2025, will add five new loading and...
$40 Million Aluminum Processing Plant Breaks Ground in Logan County, Kentucky
Kentucky's metal sector celebrates a major milestone as Kentucky Aluminum Processors broke ground on their $40 million facility in Russellville, poised to create 75 new jobs for Kentucky residents. The new recycling facility, run by a joint venture between Tri-Arrows...
Pennsylvania Launches $20 Million Main Street Matters Program
Pennsylvania Lt. Gov. Austin Davis and Department of Community and Economic Development (DCED) Secretary Rick Siger announced that the $20 million Main Street Matters program is now accepting applications until November 15, 2024. Part of Gov. Shapiro's 2024-25...
Mid South Extrusion’s $17 Million Facility Investment Set to Create Jobs in Northeast Louisiana
Mid South Extrusion, a flexible film and bag manufacturer, is advancing Northeast Louisiana’s manufacturing sector and economic development with its announcement of a $17 million investment at its Ouachita Parish facility to install two new blown film extrusion lines,...
$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...
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