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We all know Redevelopment is gone. So, what do we do now? How do economic development transactions involving real estate get done? Are Public-Private Projects really possible without redevelopment?
Larry Kosmont answers these questions and more. He will identify a number of methods and case studies he has used in the last year to develop significant job and tax generating projects without redevelopment. Among these are an existing EB-5 regional center and a ground up 400,000 sq. ft. retail entertainment center, in addition to several hotel projects using site specific tax revenue (no bonds).
He also tells us about “new tools” for economic development and which ones can be “re-tooled” to turn over the jobs engine of the inland empire.
Ken Hira Moderates Panel Discussion “Revitalizing Shopping Centers”.
Ken Hira speaks on panel titled “Reinventing Redevelopment: To Be or Not To Be.”
In the wake of the California Supreme Court’s decision upholding the elimination of redevelopment agencies in California, there are furious efforts underway to forestall the elimination of redevelopment and allow for its reconstitution in a different form while contributing funding to the state and its schools and counties.
Cities’ Economic Development Corporations (EDC) are the primary engine for economic development charged with leveraging the Cities’ assets to drive growth, create jobs and improve quality of life. They use their expertise to develop, advise, manage and invest to strengthen businesses and help neighborhoods thrive. EDC’s leverage partnerships between the public and private sectors to stimulate the economy with real estate developments that create jobs, build and revive communities and improve quality of life for all. EDC’s nationwide have been very active trying to attract Hispanic Investment and Hispanic-Oriented Retailers and Shopping Center developments. Come hear from EDC experts on what their strategies are.
Larry Kosmont – “Economic Development – What’s Left in the Toolshed.” Larry Kosmont discusses how California’s cities can promote economic development after the demise of redevelopment using both new and existing tools.
RSVP to Estella Sauceda at (562) 801-4379 or firstname.lastname@example.org by Monday, October 8, 2012.
Larry Kosmont speaks about emerging economic development tools post-redevelopment. The demise of redevelopment tax-increments have led investors, developers, and cities to look for new tools to assist local projects. The Legislature has discussed new tools (or modifying existing tools), but the State’s budget has restricted funding for local economic development. This program will provide an overview of the current situation, discuss new statutes, provide examples of best practices, and address topical questions for the post-redevelopment business landscape, such as:
- How are communities promoting strategic projects in this environment?
- What tools are emerging for economic development?
- What is the impact of the Legislation approved this year?