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Financing Redevelopment Projects: What you Need to Know

Financing Redevelopment Projects: What you Need to Know. Thursday, September 26, 2013. Presenters . Charles Emmons Senior Commercial Loan Officer, Finance Authority of Maine and former Senior Vice President Bank of America, Baltimore, Maryland Charles J. Spies III

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Financing Redevelopment Projects: What you Need to Know

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  1. Financing Redevelopment Projects: What you Need to Know Thursday, September 26, 2013

  2. Presenters • Charles Emmons Senior Commercial Loan Officer, Finance Authority of Maine and former Senior Vice President Bank of America, Baltimore, Maryland • Charles J. Spies III Chief Executive Officer, CEI Capital Management , LLC, Portland, Maine and former Chief Executive Officer of the Finance Authority of Maine

  3. Presenters and Moderator • Earle Harvey Vice President & Senior Private Banking Officer, Mechanics Savings Bank, Brunswick, Maine. • Jeffrey K. Jordan, Moderator Deputy Director, Midcoast Regional Redevelopment Authority and former City Manager, South Portland, Maine

  4. Overview of Economic Development Tools • Bedrock Tools • Targeted Tools • Investment Tools • Access to Capital Lending Tools • Support Tools

  5. MRRA TIF District • Usually limited in land area • And/or by base valuation

  6. Example: MRRA TIF

  7. Example: Town of Brunswick Shelter Benefit

  8. Targeted Tools • BNAS Job Increment Financing District

  9. Targeted Tools • BNAS Job Increment Financing District

  10. Thank you.

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