Civic Development News and Data

The latest local trends, news and insights on infrastructure, economic development, housing and economics.

Pfizer Agrees to MFN Drug Prices, $70B in U.S. R&D and Production

Pfizer has struck a deal with the Trump administration to provide all of its prescription drugs to Medicaid patients at “most favored nation” prices, and to pledge $70 billion in new U.S. production and R&D investments. The company also plans to offer...

D.C. Council Approves $3.7B Commanders Stadium and Development Deal

The D.C. Council approved a $3.7 billion deal to bring the Washington Commanders back to the RFK Stadium site, clearing the way for a new 65,000-seat football stadium and mixed-use development along the Anacostia River. The project includes $1 billion in taxpayer...

California Greenlights $20 Billion Funding for High-Speed Rail Project

California lawmakers have approved a plan to provide up to $20 billion in new funding for the state’s high-speed rail project, after President Trump pulled funding from the effort. The money, drawn largely from Cap-and-Trade revenues, will help complete the initial...

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...

State Farm Requests 11% More Following Approved 17% Homeowners’ Insurance Increase

May 25, 2025 | Risk Management and Insurance

State Farm is seeking an additional 11 percent rate hike for California homeowners, following a recent approval of a temporary 17 percent increase. The company cites an unstable financial position caused by growing costs and rising catastrophe exposure as the reason...

$800 Million Upgrade to Arthur Ashe Stadium in New York

May 25, 2025 | Finance - Infrastructure, Infrastructure, Stadiums

Arthur Ashe Stadium in New York is undergoing an $800 million renovation, the largest investment in U.S. Open history, fully funded by the United States Tennis Association. The project will expand and modernize the stadium, wherein upgrades include a 40% expansion of...

Port of Brunswick Secures $35.3M for Long-Overdue Dredging

May 25, 2025 | Finance - Infrastructure, Infrastructure, Ports

House Representatives Mike Collins and Buddy Carter announced $35.3 million in funding from the U.S. Army Corps of Engineers to support maintenance at the Port of Brunswick, a vital hub for Georgia’s economy. The funding aims to address longstanding dredging delays...

Milwaukee Airport Breaks Ground on $80 Million Air Cargo Facility

May 25, 2025 | Airports, Finance - Infrastructure, Infrastructure

Milwaukee Mitchell International Airport has begun construction on an $80 million air cargo facility to enhance freight movement throughout Wisconsin and the Midwest region. Led by Texas-based Crow Holdings, the MKE Airport South Project will feature a...

Miami-Dade Approves $600 Million Airport Terminal Expansion

May 25, 2025 | Airports, Finance - Infrastructure, Infrastructure

As part of Miami International Airport’s $9 billion “Future-Ready Modernization in Action” plan, Miami-Dade County has approved a $600.6 million expansion that will include the construction of Concourse K. The project will add six new contact gates, a new aircraft...

Milwaukee’s $2.85M TIF Plan to Build 59 Affordable Homes

May 25, 2025 | Credits and Incentives, Finance - Incentives, TIFs

A new Tax Increment Financing (TIF) district in Milwaukee’s Harambee neighborhood will provide $2.85 million plus 2.5% interest to support the creation of 59 affordable homes, including 51 homes by Habitat for Humanity and 8 homes for early-childhood educators...

Chicago Approves $67M TIF for Clark Adams Building Redevelopment

May 25, 2025 | Credits and Incentives, Finance - Incentives, TIFs

The City of Chicago has approved $67 million in Tax Increment Financing (TIF) funds to support the $183 million redevelopment of the historic 41-story Clark Adams Building in Chicago’s Central Loop. The project will transform multiple floors into 400 new apartments,...

City Council Greenlights $18.2M TIF for $150M Rochester, MN Apartment Project

May 25, 2025 | Finance - Infrastructure, Infrastructure, TIFs

The Rochester City Council of Minnesota has approved a new Tax Increment Financing District to support the development of the $150 million, 340-unit Citywalk Apartment project in downtown Rochester. In return for $18.2 million in public assistance, the developer will...

House Bill Proposed for LIHTC Reforms

May 25, 2025 | Credits and Incentives, Legal - Incentives

House Republicans have introduced a sweeping reconciliation bill that includes both reforms to the Low-Income Housing Tax Credit (LIHTC) and deep cuts to key anti-poverty programs like Medicaid and SNAP. While the bill proposes some positive changes to LIHTC, such as...

Otto Aviation to Bring $430M Investment and 1,200 Jobs to Jacksonville with Project Bluebird

May 20, 2025 | Economic Development, Finance - Economic Development

Otto Aviation has been revealed as the company behind Project Bluebird, a plan to construct a passenger plane manufacturing plant at Cecil Airport in Jacksonville and relocate its headquarters from Texas. The $430 million investment will add over 600,000 square feet...

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