Zoning, Planning & Land Use, Finance & Banking

U.S. Treasury Awards $3.5 Billion in New Markets Tax Credit Allocations

by Christina Novotny, George Skupski, David Strauss | BakerHostetler on 4/25/2013

On April 24, 2013, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (the CDFI Fund) announced the community development entities (CDEs) selected to receive the $3.5 billion in New...more

Treasury Department Announces $3.5 Billion in New Markets Tax Credit Allocation Awards

by Stephanie Franklin-Suber, Jocelyn O’Brien | Ballard Spahr LLP on 4/25/2013

Eighty-five community development entities (CDEs) have been selected to receive $3.5 billion in New Markets Tax Credit (NMTC) allocation authority in the 2012 round of the NMTC Program. The announcement of the latest round of...more

Municipal Liens vs. Mortgages: Which Has Priority?

by Douglas L. Waldorf, Jr. | Rogers Towers on 4/19/2013

I have recently encountered several situations in which local governments are claiming, under ordinances they have enacted, that their liens and fines have “superpriority” status over existing mortgages, regardless of when...more

Foreclosure Tip #1: Inspections – Do It Before You Own It

by Keith Mullen | Winstead PC on 4/17/2013

In some parts of the country, a recovering local economy means the special asset (or problem loan) groups are reducing staff, as loan production groups come back to life. Leaving the special asset group under-staffed could...more

Gaming Legal News - April 11, 2013 • Volume 6, Number 9

by Ryan M. Shannon, Robert Stocker | Dickinson Wright on 4/12/2013

In This Issue: - MICHIGAN GAMING CONTROL BOARD APPROVES ATHENS ACQUISITION TRANSACTION: At its April 9 monthly meeting, the Michigan Gaming Control Board (“MGCB”) approved Athens Acquisition LLC’s acquisition...more

Public-Private Partnerships A Winning Strategy

by Albert E. Dotson, Jr. | Bilzin Sumberg Baena Price & Axelrod LLP on 4/5/2013

The global recession was unkind to communities across the United States and around the world. Facing diminished tax bases, frozen capital markets and a reduction in federal and state funding, many local governments shelved...more

CFPB files amicus brief in Second Circuit ILSA case

by Sarah Reise | Ballard Spahr LLP on 4/2/2013

On March 12, 2013, the CFPB filed a new amicus brief supporting the consumer/appellee’s position that the Interstate Land Sales Full Disclosure Act (ILSA) applies to condominium units, even where the unit does not also...more

What is Enterprise Florida?

by Messer & Caparello, P.A. on 3/29/2013

With the establishment of the 1982 Enterprise Zone Program, Florida became one of the first states in the country to enact an economic revitalization program offering investment assistance, tax advantages and regulatory...more

Simplifying the Mechanic's Lien Agent Process: N.C.'s New Online Clearinghouse

by Bryan G. Scott | Spilman Thomas & Battle, PLLC on 3/29/2013

As I have discussed in the past, North Carolina’s General Assembly recently introduced the concept of Mechanic’s Lien Agent (MLA) into our state’s lien laws to address so-called “hidden liens” that have long been a thorn in...more

East End Crossing Achieves Financial Close

by Barney Allison | Nossaman LLP on 3/29/2013

Almost a year to the day from when the procurement began, the East End Crossing P3 project has achieved financial close. Raising nearly $1 billion of public and private debt and equity funding, WVB East End Partners, made up...more

Proceed with Caution when Considering the Acquisition of a Busted Deal

by Thompson Coburn LLP on 3/28/2013

Do not underestimate the importance of due diligence when evaluating the acquisition of a busted deal. In the world of land use and zoning, a busted deal is a planned real estate development that has failed, and the future of...more

2013 Federal Budget Impact On Mining Activities

by Brian Abraham | Dentons on 3/27/2013

The good news is that the mineral exploration tax credit of 15% has been extended for an additional year. In addition, the budget has made an amendment to Section 66.1(6) of the federal tax legislation to add the words...more

Budget Briefing 2013

by Osler, Hoskin & Harcourt LLP on 3/22/2013

The Honourable Jim Flaherty, Minister of Finance, tabled Budget 2013 today. In his Budget Speech, the Minister lauded Canada’s economic strength and achievements over the last seven years, while acknowledging that there are...more

Breathing New Life into Brownfields – The BUILD Act of 2013

by Kristen Sherman | Adler Pollock & Sheehan P.C. on 3/13/2013

On March 7, 2013, Senators Lautenberg, Inhofe, Crapo and Udall introduced the Brownfields Utilization, Investment, and Local Development Act of 2013, which would amend the Comprehensive Environmental Response, Compensation...more

Myanmar Issues Foreign Investment Law Implementing Regulations

by Mae Shan Chong, Jonathan Olier, Barrye Wall | White & Case LLP on 3/6/2013

Summary - On January 31, 2013, the Ministry of National Planning and Economic Development released the new Implementing Regulations for the Myanmar Foreign Investment Law No. 21 (FIL No. 21). President U Thein Sein...more

Dam Removal - A US National Infrastructure Issue

by George Mannina, Lisa Montague | Nossaman LLP on 2/27/2013

Originally Published in Project Finance International, February 27, 2013. Experts estimate that approximately 85% of the 79,000 dams in the United States will approach the end of their operational life by 2020. The...more

Quebec Tightens Rules On Financial Guarantee Requirements For Rehabilitation And Restoration Plans

by Ann Bigué | Dentons on 2/22/2013

On February 13, 2013, a notice was published in the Gazette officielle du Québec by the Minister of Natural Resources, Martine Ouellet, announcing amendments to the Regulation respecting mineral substances other than...more

DEEP Updates Engineered Control Financial Assurance Guidance

by Pullman & Comley, LLC on 2/22/2013

On January 31, 2013, the Connecticut Department of Energy and Environmental Protection (DEEP) unveiled revisions to guidance on financial assurance for engineered control variances under the Remediation Standard Regulations...more

Lender-Involved Condemnation Part 1: Principles of Condemnation

by Ivy Cadle | Baker, Donelson, Bearman, Caldwell &... on 2/15/2013

This is the first installment in a series of articles related to lender-involved condemnation. This article provides an introduction to the principles of eminent domain and condemnation in a question and answer format. The...more

Editorial: Work For Smart Development

by Howard Nelson | Bilzin Sumberg Baena Price & Axelrod LLP on 2/4/2013

The Florida Department of Economic Opportunity is a relatively new state agency designed to ensure the continued growth and development of the region without hurting the preservation of our state's precious natural resources....more

Chicago Requires Debt Collector Licensing, Sets Zoning Requirements For Small Dollar Lenders

by BuckleySandler LLP on 1/30/2013

On January 17, the City of Chicago passed ordinances related to debt collection, small dollar lending, and license enforcement. With the adoption of an ordinance requiring that debt collectors collecting debts from Chicagoans...more

Maryland Governor Proposes $1.5 Million Funding For Hydraulic Fracturing Study

by Jason Yearout | BakerHostetler on 1/22/2013

As we have discussed in prior posts, Maryland has in place a de facto moratorium on shale exploration and drilling. Responding to inquiries about drilling into Marcellus shale formations in western Maryland, in 2011 Governor...more

South Florida Commercial Real Estate: How Will Miami Commercial Property Fare in 2013?

by Rosa Eckstein Schechter on 1/11/2013

Entering into the New Year, Florida real estate analysts and professionals involved in land development and real estate investment are looking at the South Florida commercial real estate market and wondering how it will fare...more

Top 10 Indian Tribal Tax Developments in 2012 and Priorities for 2013

by Kathleen M. Nilles, Zehava Zevit | Holland & Knight LLP on 1/9/2013

In This Issue: - Fiscal Cliff Concerns: Impact of Expiring Tax Provisions and Rising Tax Rates - General Welfare Tax Planning in the Wake of IRS Guidance Offering Safe Harbors - New Developments in Income from...more

The Fiscal Cliff for Condominium Developers

by Kristi Stotts | Winstead PC on 12/31/2012

Heard enough about the fiscal cliff? Condominium developers should take into consideration the potential liability for assessments on developer owned condominium units when structuring condominium regimes to avoid their own...more

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Zoning, Planning & Land Use › Finance & Banking