Posted in Development, Economic Development, tagged Development, Economic Development, Public Financing, Public Improvement Districts on August 18, 2008 | 4 Comments »
As discussed in a earlier blog PIDs are a flexible way for cities and counties to fund new infrastructure projects, repair existing infrastructure, revitalize an economically depressed are or incentivise industry and commerce to develop or revitalize an area. Chapter 372 contemplates the creation of two types of PIDs — Subchapter A and Subchapter C PIDs.
Subchapter A Public Improvement Districts
Posted in Development, Economic Development, tagged Development, Economic Development, economic growth, PID, Public Development Financing, public improvement district on July 15, 2008 | Leave a Comment »
Public Development Financing is not just a set of tools that communities and developers can use to turn an otherwise undesireable project into a more palpable opportunity. (See “Making Lemons Into Lemonade”, June 25, 2008) Public Development Financing can also be a valuable tool for communities in creating the necessary environment to foster economic development and economic growth.
Posted in Development, Economic Development, tagged Development, Economic Development on June 25, 2008 | 2 Comments »
Public Development Financing is the use of unrealized public dollars to finance private development projects through public-private partnerships. This type of financing is nothing new, however, may smaller communities have not taken advantage of the tools available to them and many developers are not aware of the opportunities for this type of financing in smaller communities.
