A significant part of our firm’s real estate practice is devoted to development and redevelopment projects including mixed use projects, regional malls, other shopping centers, industrial parks, parking garages, hotels, apartment complexes, residential subdivisions, condominiums and office buildings.
Increasingly, projects like these are eligible for economic development incentives or other governmental benefits and incentives. We have extensive experience representing clients in numerous states, including Kansas, Missouri and Illinois, on projects that utilize a variety of public sector development incentives.
We are extremely familiar with tax increment financing (“TIF”) and we have assisted our clients in its use on a variety of projects. In addition to traditional TIF authorized by state statutes, we have crafted alternative financing agreements with cities to annually appropriate incremental taxes to pay development costs.
We have extensive experience assisting our clients with the use of tax abatement and various state and federal tax credit programs to implement their real estate projects and have represented clients in the formation and implementation of special benefit districts, community improvement districts, neighborhood improvement districts, transportation development districts, and other types of districts to help finance their projects.