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Public Infrastructure Financing: A Strategic Investment Approach

Public Infrastructure Financing: A Strategic Investment Approach. September 25 , 2013. By DJ Heffernan Daniel Heffernan Company. Overview. Infrastructure Financing Context Land Use Planning Constraints Private Investor Constraints Financing Tools/Constraints Strategic Investing.

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Public Infrastructure Financing: A Strategic Investment Approach

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  1. Public Infrastructure Financing: A Strategic Investment Approach September 25, 2013 By DJ Heffernan Daniel Heffernan Company

  2. Overview • Infrastructure Financing Context • Land Use Planning Constraints • Private Investor Constraints • Financing Tools/Constraints • Strategic Investing

  3. Infrastructure Investment Needs • Washington State Infrastructure Grade: C • http://www.infrastructurereportcard.org/washington/washington-overview/ • Bond Banks: Supply Side Solution to Demand Side Problem • Insert link on HH income to debt ratios OR stat on HH income loss

  4. Land Use Planning Issues • Plan Provides Strategic Vision but… • Plan vs. Implementation: Regulatory Disconnect • Where did the land go? • Where did the capacity go?

  5. Investor Constraints • ROI Horizon • Holding Costs • Strategic Assets vs. Market Assets?

  6. Financing Tools • Washington State’s Tool Box • http://www.infrafunding.wa.gov/iadatabase.html • Local Tool Box • LID’s, Sales and Use Tax Districts • Community Renewal Districts • B&O Taxes

  7. Financing Constraints • Competing Demands: New Assets vs. Capital Maintenance • The “We don’t have any loose change” Problem • Impact Fee/Concurrency Dilemmas

  8. Strategic Solutions • Land Use: Define Strategic vs. Market Land • Regulate accordingly • Link land use plans to TIP Strategies Plan • Investor Risks: ROI and Holding Costs • Ports? Reserve Capacity? Tax Incentives? Knots?

  9. Strategic Solutions • Financial • Public Dialog/Consensus on Strategic Infrastructure Investments (new vs. replacement assets) • Reduce Private Sector Cap-rate for fees • Get creative – use the tool kits!

  10. Daniel Heffernan Company Contact Information: DJ Heffernan • (503) 310-2306 • djheff1@gmail.com

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