Published: February 01, 2011
Stone & Youngberg Announces Webinar Series to Focus on Current Issues and Opportunities with Tax Increment Financing
RICHMOND, Va. - (BUSINESS WIRE) - The Council of Development Finance Agencies (CDFA) and Stone
& Youngberg have partnered to develop a special six-part
national webcast series focused on tax increment finance (TIF). The TIF
Webcast Series will feature timely discussions and presentations
concerning the emerging use of TIF as a catalyst for economic
development. The series will explore the most pressing TIF issues facing
the industry today, while examining myths and misinformation about the
TIF process.
"CDFA is excited to partner with Stone & Youngberg through our national
TIF Coalition to launch this webcast series," said CDFA president & CEO,
Toby Rittner. "We are looking forward to an interactive and ongoing
discussion concerning tax increment finance use and making sure our
communities and lending institutions put this important tool to use in a
sound manner."
Tax Increment Financing is today a widely used and successful financing
tool in nearly every U.S. state, district, and territory with
authorizing statutes. It is a proven force in driving redevelopment,
reuse, urban and suburban infill, job creation, and investment growth
throughout the country. As
the nation's leader in tax increment financing, Stone & Youngberg
has underwritten 82 issues for a total par value of more than $2 billion
over the past five years - raising more capital using this financing
mechanism than any other firm in the country. 1
"In the current fiscal environment, municipalities nationwide are
increasingly looking to TIF financing as a way to fund large-scale
infrastructure projects," said Steve
Heaney, managing director and head of Stone & Youngberg's Public
Finance Group. "We have designed an insightful educational webinar
program to share our expertise as a national TIF financing leader with
states, localities and developers."
The webcast series is free and is part of CDFA's ongoing leadership
efforts to promote the sound use of tax increment finance. These
hour-long webcasts allow participants to join the discussion, view
presentations, and interact with experts around the country.
TIF
Webinar Series Schedule
Session 1: When the TIF Project goes "Bad"
Thursday,
February 3, 2011, 1:00 p.m. EDT
The vast majority of TIF deals are successful, but occasionally a
project or deal will face performance challenges. This webinar will
explore strategies and best practices for addressing challenges should
they arise. Speakers include Ken Powell and Bill Huck, Stone &
Youngberg, Keenan Rice, MuniCap.
Session 2: How to use TIF in a Struggling Economy
Thursday,
March 31, 2011, 1:00 p.m. EDT
The national economic crisis has placed TIFs squarely in the sights of
local economic developers as a solution to spurring recovery. This
webinar will explore strategies and approaches to using TIF to catalyze
development. Speakers include Ken Powell and Steve Heaney, Stone &
Youngberg; Toby Ritter, CDFA.
Session 3: Offensive TIFs & Tax Districts
Wednesday, May
11, 2011, 2:15 p.m. EDT
TIF, unlike any other local financing tool, is a catalyst for
controversy and misinformation. This webinar will look at politics and
practical matters in the TIF process. Speakers include Ken Powell, Stone
& Youngberg; Cheryl Strickland, Atlanta Development Authority; Steve
Friedman, S.B. Friedman & Company.
Session 4: How to Avoid the "Subprime" TIF
Thursday, July
28, 2011, 1:00 p.m. EDT
Many potential TIF projects have both community and political support
but very little financial foundation. How do communities avoid investing
in projects that don't financially work? This webinar will address this
critical component of the TIF decision and provide guidance for avoiding
potentially costly mistakes. Speakers include Ken Powell and Ramiro
Albarran, Stone & Youngberg; Laura Radcliffe, Stifel Nicolaus & Company,
Inc.
Session 5: The California TIF Experience
Thursday, September
29, 2011, 1:00 p.m. EDT
California was the birthplace of TIF nearly 60 years ago. Today, the
Golden State remains the leader in employing this redevelopment tool.
This webinar will tell the TIF story from the California perspective and
provide insights on its continued success. Speakers include Sara
Oberlies Brown and Steve Heaney, Stone & Youngberg.
Session 6: The White Elephant Mall
Thursday, December 8,
2011, 1:00 p.m. EDT
Nearly every community in the country has a white elephant mall sitting
empty. These once vibrant economic engines have become a plague on the
local economy but offer one of the prime opportunities for redevelopment
and reinvestment. This webcast will explore the white elephant mall and
how communities are using TIF to put these important assets back to
work. Speakers include Ken Powell and Sara Oberlies Brown of Stone &
Youngberg and Keenan Rice, president of MuniCap.
If you are interested in participating, please register at http://www.cdfa.net/cdfa/cdfaweb.nsf/pages/cdfatifcwebcastseries.html
or contact John
Markowitz at Stone & Youngberg at jmarkowitz@syllc.com.
About Stone & Youngberg: Stone & Youngberg Holdings LLC is a
financial services company providing a range of products and services.
Stone & Youngberg LLC, founded in 1931 and member FINRA/SIPC,
specializes in the origination and sale of fixed-income securities. The
firm led or co-managed the sale of 927 municipal bond issues totaling
$21 billion over the past five years.1 In addition to bond
underwriting and sales, Stone & Youngberg provides investment services
to individuals, institutions, and government agencies and offers a wide
variety of tax-exempt and taxable securities.
Additional information is available at www.syllc.com
or by calling 800-447-8663.
¹ Based on number of bond issues 2006-2010, Thomson Reuters 2011
Stone & Youngberg LLC
Steve Hall, 415-445-2656
shall@syllc.com
or
Pierce
Communications Group LLC
Kimberley Pierce, 510-326-0058
kimberley@piercecommgroup.com
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