A Diversity of Funding Sources Improves Feasibility
Monday, September 25, 2017
3:15 p.m. - 4:45 p.m. PDT
CM | 1.50Add to My Log
Assembling a diversity of funding sources and financing mechanisms improves the financial feasibility of new development projects and associated infrastructure improvements. The use of diverse sources spreads public and private participation, spreads the incidence of burden (i.e., who pays), and provides more flexibility with respect to the timing of revenue. The case studies provide examples of how diverse funding sources layer and complement one another and will provide examples of creative and successful strategies in a post-Redevelopment era; In San Luis Obispo, the City is working with several applicants of master planned developments and considering how best to blend land-based financing mechanisms with city-based sources; In Western Riverside County, the Council of Governments (COG) faced policy decisions related to the implementation of the transportation development impact fee program, particularly with regard to the public-private nature of regional transportation funding; In San Francisco, the Port is working on several large-scale public/private partnerships, such as Pier 70 and Mission Rock that include significant community benefits and that are requiring creative approaches to financing.
Hanson Hom, email@example.com