Our lawyers also help clients structure and negotiate governmental incentive packages utilizing local, state and federal programs. We represent developers and end users in myriad tax credit and incentive transactions, including New Markets Tax Credits (NMTC); Historic Tax Credits (HTC); Tax Increment Financing (TIF); various forms of real estate tax abatement, including Enterprise Zone and Community Reinvestment Act programs; income tax credits; infrastructure and highway improvements; and numerous other federal, state, county and municipal grants, loans and related programs.
- Representing multi-national insurance company in a complex financing and development program in connection with its plans to bring 1,000 new jobs to downtown Cleveland, Ohio. Multiple sources of public financing were secured to enable the new owner to re-tenant what would have been a virtually vacant building at a prominent downtown intersection.
- Representing Chicago, Illinois developer and international hotel operator in $60 million project, including acquisition and redevelopment of retail arcade facility; project supported by tax increment financing, historic tax credits and multiple layers of public financing.
- Representing hospital network in $17.7 million new market tax credit financing of office tower in downtown Dayton, Ohio for location of corporate headquarters.
- Representing developer in connection with $10 million acquisition and construction loan relating to historic renovation of 100,000 square foot office building and issuance of $2 million historic tax credits.
- Representing developer in shopping center development anchored by Lowe's, Kohl's and Target. The project included tax increment financing and a development agreement with the municipality.
- Representing redeveloper with securing county loans and county-issued bonds for tax increment financing of retail franchise stores in more than 30 states.
- Representing a municipality in connection with the creation of a community reinvestment area to provide a tax abatement for the development of a multi-family housing project in South Lebanon, Ohio.