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Site Specific Tax Revenue Pledge (SSTR) Kosmont worked with the City and Developer to identify funding sources and negotiate a lease-leaseback structure to fund the development of three (3) hotels (Hilton Garden Inn, Marriott Courtyard, and Homewood Suites) within the City. Kosmont used a pledge of future city revenues as a backstop to help underwrite financing to make the 506-room ...
Developer Solicitation and Economic Development Subsidy Report Kosmont Companies was retained by the City of Santa Clarita Successor Agency to assist with services including the evaluation of downtown revitalization opportunities in Old Town Newhall on Main Street to be anchored by a new library. Kosmont marketed the Agency-owned block Project to retailers and developers, marketed the opportunity site at International ...