Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Tourism Collapse: U.S. Tourism Set to Lose $29 Billion in 2025
The U.S. is projected to be the only country to see a drop in international tourism spending in 2025, with losses estimated between $25 billion to $29 billion. Revised forecasts show an 8.2% decline in inbound travel, down sharply from earlier expectations of 9%...
Court Ruling Opens Door to Massive Federal Job Cuts
The U.S. Supreme Court has cleared the way for Donald Trump to move forward with plans to drastically reduce the federal workforce, reinstating a controversial executive order from February 2025. The ruling grants the executive branch expanded authority to reassign or...
Seven Rural Projects Win $3 Million State Funding in Nevada
Nevada has awarded $3,071,498 in Community Development Block Grant funds to support seven rural projects across the state. The grants will fund infrastructure upgrades, public facilities, and revitalization efforts in communities. State officials say the investments...
Houston’s Astrodome Redevelopment Plan Projects $1.5 Billion Economic Impact and Creation of 3,750 Jobs
A bold new plan to redevelop Houston’s iconic Astrodome into a mixed-use arena and entertainment complex could generate $1.5 billion in economic impact over 30 years and create 3,750 permanent jobs, according to a new analysis. The $840 million project, would include...
Rock Solid Secures $29.5M Construction Loan for Luxury Senior Living in NJ
Rock Solid Builders has secured a $29.5 million construction loan from Kearny Bank to develop an 85-unit, luxury senior rental project in Nutley, New Jersey. Slated for completion in spring 2027, the Soho Park Residences will offer upscale amenities for renters 55 and...
FHLBank San Francisco Awards $49.7M for Affordable Housing in AZ, CA, NV
The Federal Home Loan Bank of San Francisco has awarded $49.7 million in Affordable Housing Program grants to support 31 housing projects across Arizona, California, and Nevada, for the creation of over 2,050 affordable units. The funding includes $44.6 million which...
Preleasing for 2025–26 School Year Hits 79.9%
Preleasing for the 2025–2026 school year reached 79.9% in May, up 1.5% from last year, with 30 universities already over 90% preleased, according to Yardi Matrix. Annual rent growth has also slowed to 2.1%, the lowest since 2021, with 59 markets reporting negative...
Lawsuit Seeks to Block $60M Bond for Colorado Springs Affordable Housing Project
A residents’ group has filed a lawsuit to block Colorado Springs from issuing a $60 million private activity bond for the planned Royal Pines affordable housing complex. The group, Preserve Pine Creek, argues the bond violates Colorado’s Taxpayer’s Bill of Rights and...
Oregon and Washington Commit Funds to $1.12B Hood River-White Salmon Replacement
Oregon has approved matching funds to support Washington’s $125 million commitment to replace the aging Hood River-White Salmon Bridge, bringing combined state funding to about a quarter of the project’s $1.12 billion cost. The new bridge, expected to open by 2030,...
Oklahoma Greenlights $930M Plan to Upgrade County Roads and Bridges
The Oklahoma Transportation Commission has approved a nearly $930 million County Improvements for Roads and Bridges Plan (CIRB) for fiscal years 2026 to 2030. The plan targets critical upgrades to county roads and bridges across all 77 counties, focusing on areas...
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