by Robert Jessup | Dec 10, 2023 | Blog
An apartment developer approached the City of Waynesville for some extra support on a project that the City had already fully entitled for construction. With the run up in construction prices, the developer asked the City to participate in an arrangement under Section...
by Robert Jessup | Dec 5, 2023 | Blog
As we get to the start of 2024, we offer this list of items to keep in mind as you plan for new capital projects and manage your existing projects. Here are a few things to think about at least once a year: Review compliance with your financing covenants. If you have...
by Robert Jessup | Nov 19, 2023 | Blog
In 2018 the City of Rockingham spearheaded an effort to redevelop underused private property into a new downtown campus for Richmond Community College. The City saw that this project would revitalize the parcel, bring more people to the downtown both day and night and...
by Robert Jessup | Nov 19, 2023 | Blog
We’ve written earlier (here and here) about legislation entitled “bond referendum transparency” that was working its way through the General Assembly this past session. Although Senate Bill 99 did not pass, key components of the legislation – regarding changes to the...
by Robert Jessup | Oct 27, 2023 | Blog
We’ve previously written about using synthetic tax increment financing (synthetic TIF) to fund economic development, and more precisely to determine if your public investment will have an economic return through an increase in property taxes or other private sector...
by Sanford Holshouser LLP | Oct 27, 2023 | Blog
It is a truth universally observed that adding road capacity does not, after a dreadfully short transition period, reduce traffic congestion. In its simplest terms, the idea of induced demand is that an increase in the supply of a free good (in this case, un-tolled...