CDFA Missouri Financing Roundtable Newsletter - September 2015

CDFA Missouri Financing Roundtable Newsletter - September 2015
September 9, 2015



Feature
KC Agency Recommends Abatement for $33M Brookfield Renovation An economic development agency has recommended a 23-year property tax abatement to support a $33.3 million plan to transform the historic Brookfield Building. According to Kansas City Business Journal, developers are hoping to win approval of $1.2 million in brownfield tax credits and $10.9 million in state and federal historic tax credits as well. Rural Development Program to Assist Economic Development According to Farmington Press, Missouri Rural Development State Director, Janie Dunning, announced the designation of two Stronger Economies Together (SET) regions. The purpose of the SET program is to strengthen the capacity of rural communities to work together in developing and implementing an economic development plan to build on current and emerging strengths of a region. Stern Brothers & Co. Leads Team on Dallas Love Field Financing Stern Brothers & Co. announced the successful financing of Dallas Love Field's Airport Parking Garage through a $109 million tax-exempt bond. Overland Park Advances Incentives for the Vue The Overland Park City Council voted to create a tax increment financing redevelopment district for a $39 million mixed use project in the downtown area. MO Board OKs Tax Credits for New Rams Stadium A Missouri board approved $15 million in tax credits for a new riverfront football stadium in downtown St. Louis, the first piece of an effort by state leaders aimed at either preventing the Rams from moving west or luring another team to the city in its place, according to Fox Sports.
Upcoming Events
2015 National Development Finance Summit November 3-6, 2015 - Charleston, SC Join CDFA in Charleston, South Carolina for the 2015 National Development Finance Summit! Hosted by the South Carolina Jobs-Economic Development Authority (JEDA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.
Missouri News
Work Imminent at Carondelet Coke Site in St. Louis STLtoday \| Sep. 4 \| Community Development \| Tax Credits Historic Tax Credits News Briefs Novogradac & Co. \| Sep. 4 \| Local Finance Program \| Redevelopment \| State Finance Program \| Tax Credits \| U.S. Dept. of Interior - National Park Services (NPS) GASB to Re-Examine State and Local Financial Reporting Model The Bond Buyer \| Sep. 3 \| Tax Credits Tax Abatement Disclosures & Economic Development Groups Smart Incentives \| Aug. 31 \| Economic Development \| Tax Credits ‘Boutique' Apartments Are Planned for Vacant Warehouse Kansas City Star \| Aug. 21 \| Historic Preservation \| Local Finance Program \| Tax Credits GASB Statement Requires Gov'ts to Disclose Abatements Info GASB \| Aug. 20 \| Economic Development \| Federal \| Tax Credits Washington, MO OKs Chapter 100 Bonds for New Meat Plant The Missourian \| Aug. 20 \| Bond Finance \| State Finance Program States Find Ways to Fund Road Repairs While Congress Stalls Associated Press \| Aug. 19 \| Federal \| Infrastructure Finance \| Legislative \| State Finance Program Joplin City Council Approves TIF Proposal The Joplin Globe \| Aug. 18 \| Access to Capital \| Tax Increment Finance (TIF) >>> SEARCH HEADLINES
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Job Postings
Hiring: CEO - St. Louis Economic Development Partnership
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.