Chicago, May 22, 2012
Closing the Gap
Public/Private Financing Tools and Development Feasibility
Tax increment financing (TIF) has always been a key tool in the municipal arsenal to make high-quality development projects possible. Since the recession and real estate crash, TIF and other innovative public/private financing mechanisms such as tax credits, loan guarantees, and gap loans, have been more critical than ever.
In this program, Tony Smith, AICP, of S.B. Friedman Development Advisors discussed the principles of "when and how to TIF," sharing case studies and approaches for getting the deal done. He covered the new applications of public/private financing that have emerged since the recession and suggested lessons learned from these applications.
About the Speaker
Tony Smith, AICP, is Executive Vice President at S. B. Friedman & Company, where he specializes in feasibility, strategy, and financial aspects of community and economic development. While at S.B. Friedman, he has led numerous assignments including tax increment financing (TIF) analyses and eligibility studies, area revitalization strategies, feasibility-testing for redevelopment scenarios, negotiation and structuring of public-private financing for high-impact projects, and a range of New Markets Tax Credit (NMTC) related services. Smith holds a Master's and a B.A from the University of Pennsylvania. He is a member of the American Planning Association, Urban Land Institute, Lambda Alpha Honorary Land Economics Society, and the Council of Development Finance Agencies (for which he also serves as national TIF curriculum advisor and instructor and lead editor of CDFA's 2009 Advanced TIF Guide).