News & Analysis as of

Economic Development Redevelopment

Mitchell, Williams, Selig, Gates & Woodyard,...

U.S. Environmental Protection Agency Announces $267 Million in Brownfield Grants: Pine Bluff, Arkansas Awarded $500,000 to Address...

The United States Environmental Protection Agency (“EPA”) issued a May 16th news release announcing $267 million in Brownfield grants. Pine Bluff, Arkansas was awarded $500,000.00 that will be targeted for the Downtown...more

Farrell Fritz, P.C.

Retail Reckoning for Suburban Strip Malls

Farrell Fritz, P.C. on

Suburban strip malls have been a staple of Long Island’s retail identity – convenient, accessible, and often anchored by big-name national chains. But, as retail trends evolve and those anchor tenants face uncertainty and for...more

Partridge Snow & Hahn LLP

2025 Brownfields Funding Round Now Open in Rhode Island

The Rhode Island Department of Environmental Management (RIDEM) has announced the release of the 2025 Guidelines and Request for Proposals (RFP) for the Brownfields Remediation and Economic Development Fund Grants....more

Baker Donelson

Show Me the Money! Tap Into Tennessee's New and Expanded Programs to Encourage Redevelopment of Contaminated Properties

Baker Donelson on

Communities and developers now have the opportunity to tap into certain funds earmarked by the state specifically for brownfield redevelopment and to take advantage of certain incentive programs that apply to more brownfield...more

Bilzin Sumberg

A Brief Introduction to Tax Increment Financing

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Tax Increment Financing (TIF) is a financing tool used by local governments to fund economic development projects. In Florida, TIF is most commonly associated with Community Redevelopment Agencies (CRAs), which have statutory...more

Katten Muchin Rosenman LLP

Five Things of Note From This Year's TIF Conference in Chicago

The Illinois Tax Increment Association held its fall conference at the end of September in Chicago. Always a great chance to gather with and learn from attorneys, financial advisors, lenders, developers, urban planners and...more

Bricker Graydon LLP

Intensive Care for Hospital Finances: Economic Development Tools

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Like many industries across the nation, Ohio’s hospitals are experiencing tight margins, rising costs, and increased demands for medical services. In Ohio, local governments have the power to administer economic...more

Greenbaum, Rowe, Smith & Davis LLP

An Overview of Amendments to the New Jersey Aspire Program

What You Need to Know- •The New Jersey Aspire Program has been amended to incentivize developers seeking to close project financing gap costs associated with commercial, mixed use, and residential real estate development...more

Nossaman LLP

Resurgence of Redevelopment Agencies?

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Redevelopment agencies (RDAs) have held a rather infamous position in California history.  While originally created to address urban decay (aka “blight”), generally speaking, RDAs developed into entities that wielded the...more

Kohrman Jackson & Krantz LLP

Ohio Brownfield Remediation Program: Increasing Economic Potential Through Incentivized Community Investments

Ohio recently announced the first round of grant awards for the state’s Brownfield Remediation Program. Ohio dedicated nearly $350 million for the program administered by the Ohio Department of Development through the 2021...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act Of 2020: An Overview Of The Relaunch Of The Economic Redevelopment And Growth (ERG) Program

The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and...more

Downs Rachlin Martin PLLC

Vermont Legislative Update 02-05-2021 - An analysis from DRM's Government & Public Affairs Team

Project based TIFs would expand rural redevelopment - The Senate Committee on Economic Development, Housing and General Affairs is considering S.33, a bill that would allow more towns to apply for project-based tax...more

Genova Burns LLC

New Jersey Economic Recovery Act of 2020

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On December 21, 2020, the New Jersey Legislature passed the “New Jersey Economic Recovery Act of 2020” (the “Economic Recovery Act” or the "Act"), an omnibus piece of legislation which provides support for various programs...more

Bricker Graydon LLP

Calling all economic developers: Large TIFs may be eligible for a one-time extension opportunity

Bricker Graydon LLP on

In the fall of 2019, the Ohio General Assembly significantly changed state law governing tax increment financing (TIF) exemptions. For certain TIF projects, local communities can extend the exemptions – and, therefore,...more

Harris Beach Murtha PLLC

New Year Brings New Opportunities for Opportunity Zones

The dawn of 2020 brings a spirit of fresh opportunities for municipalities to address challenges, develop (or re-develop), and pursue growth by aligning with investors and government programs. The new year also offers a...more

Harris Beach Murtha PLLC

Appeal Court: City’s Funding of Neighboring Property Restoration Did Not 'Condemn' Restaurant

In an August 2019 decision, the Fourth Department of the Appellate Division of the Supreme Court of the State of New York ruled that property owners cannot assert a lawsuit alleging inverse condemnation and other damages...more

Nossaman LLP

Redevelopment 2.0 On The Books For 2019?

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Ever since the demise of redevelopment agencies in 2012, there have been a variety of legislative efforts to revive, incrementally or in whole, some form of redevelopment in California....more

Benesch

The Economic Development Toolbox: Downtown Redevelopment Districts Provide Additional Economic Development Tools for Ohio...

Benesch on

On May 6, 2016, Governor Kasich signed Am. Sub. House Bill 233 (“H.B. 233”) authorizing Ohio municipalities to create Downtown Redevelopment Districts (“DRDs”) to encourage the rehabilitation of historic buildings and...more

Holland & Knight LLP

Enhanced Infrastructure Financing Districts (SB 628, Beall) - A New Power Tool for Growth in California

Holland & Knight LLP on

Gov. Jerry Brown signed SB 628 on Sept. 29, 2014, ushering in a long-promised heir to redevelopment agencies. The enrolled statute is now available online and offers much promise for kick-starting dormant projects and land...more

Nossaman LLP

Governor Brown Signs into Law AB 229 and SB 628, Giving New Life to Tax Increment Financing

Nossaman LLP on

In late September, Governor Brown signed into law AB 229 and SB 628, which are intended to finance public capital facilities or other specified projects of communitywide significance previously financed by redevelopment...more

Best Best & Krieger LLP

Four bills broaden the appeal of IFDs as a funding mechanism for local infrastructure, environmental mitigation, private...

Four bills affecting infrastructure financing districts, a funding mechanism for infrastructure and development projects that benefit the broader community, were recently signed by Gov. Jerry Brown. IFDs, created in 1990,...more

Bilzin Sumberg

Atlantic Crossing: Delray Beach Gets a Makeover

Bilzin Sumberg on

The City of Delray Beach, Florida has experienced a dramatic rebirth of its downtown inner core within the last decade. Restaurants, jazz clubs, art galleries and specialty retail provides the genesis for this exciting area...more

Nossaman LLP

Fremont Latest California City Seeking to Reinvent its Downtown

Nossaman LLP on

Undaunted by the so-called "death of redevelopment," several California cities have pushed to reinvent -- a.k.a. redevelop -- their downtown cores. And it appears to be working....more

Best Best & Krieger LLP

ULI Report “After Redevelopment” Proposes Tools to Promote Local Economic Development

California economic development authority and BB&K attorney Joseph E. Coomes has co-authored a new report, “After Redevelopment: New Tools and Strategies to Promote Economic Development and Build Sustainable Communities.” The...more

Best Best & Krieger LLP

Public Private Partnerships: From Economic Development to Local-Serving Infrastructure Procurement

Best Best & Krieger LLP on

In This Presentation: Public Private Partnership Opportunities: - Public Assistance into Private Projects • Economic Development/Redevelopment • Land Use/Zoning • Real Estate Assets/Long Range Property...more

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