Capital financing innovations are creating opportunities for private developers and municipalities to make projects a reality. Options like public-private partnerships are not only win-win situations, but open additional financing opportunities. During this virtual Business in Your Backyard, learn more innovative capital financing structures that provide opportunities to municipalities and developers.

Featuring:

• Stephanie Few, Womble Bond Dickinson
• Daniel Prentice, Dorchester County
• John Williford, JE Dunn Capital Partners

Webinar Highlights:

Municipal entities have traditionally used a procurement process that separates the construction and financing of projects. In this model, the financing arm borrows money either before or after the construction process is complete. The majority of the funds are borrowed in the tax-exempt public bond market. This provides a very low cost of capital, but this structure typically does not allow for funds to be drawn down over time, increasing carry cost.

An alternative to this model that has been growing in popularity is one in which the financing and construction are under the same contract. The benefits of this model include:

• Synergies in design process
• Savings on project schedule timing – estimated 15% savings in overall cost
• Avoid public fatigue
• Ability to begin construction quicker
• Match cashflows of re-payment to create savings

Watch the full Business in Your Backyard webinar to learn more about the ins and outs of these financing opportunities, some of the legal considerations that happen during the process and the practical applications as well as hurdles to make these projects a reality.