College Town – Tallahassee, FL
College Town is a project of the not-for-profit Seminole Boosters, Inc. and includes a 134,000 square foot mixed-use project on approximately 4 acres of designated brownfield. This exciting development project represents a $27 million investment and will include 60,000 square feet of retail space and 71 residential apartments. Designed to not only meet, but to exemplify the district's design guidelines and zoning this project has the potential to encourage further investment and development in the area and foster the City of Tallahassee's plans for revitalization of the Gaines Street District. In response to the City's long-time commitment to the thoughtful design and planning and its significant financial investment in the revitalization of the Gaines Street District, the Seminole Boosters, Inc. are working together with the Florida State University, the City of Tallahassee, CRA, as well as private investors to create a lively, mixed-use development in the vicinity of the university's southern edge with places to live, work, shop, dine and visit. As an initial phase of a broader vision for the Gaines Street District, this pioneering project will serve as a catalyst for other development and help Tallahassee emerge as Florida's pre-eminent destination for university study by offering a fully integrated learning environment incorporating the college town experiences that students across the nation desire.
Vince Whibbs Sr. Community Maritime Park – Pensacola, FL
A public-private partnership that received $56 million in flexible NMTC-based financing from three CDEs, this project will serve as a catalyst for a larger initiative by the city of Pensacola, FL to redevelop a severely distressed area of its downtown waterfront. The 28-acre park will feature a 5,500 seat mixed-use stadium with substantial infrastructure improvements to support private development of a multi-use project which includes commercial office, retail, and residential. All of this was done by structuring the NMTCs (federal and state) with long term bonds issued backed by tax increment revenues of the downtown area.
Argo-Farma – New Berlin, NY
Agro-Farma is one of New York State’s largest dairy product manufacturers and makes the widely popular Chobani Greek Yogurt. This Project involved the renovation and equipping of a 70,000 square foot facility in New Berlin, a highly distressed rural part of upstate New York. This facility increased production capacity by 50% from 2010. The manufacturing facility will be powered by an environmentally sustainable anaerobic waste digester which will convert waste from production into energy. As of June 2012, the $190 million project had created 155 permanent, full-time jobs and 458 temporary jobs. An additional 330 full-time jobs are to be created and 615 jobs will be retained by the time Agro-Farma reaches its full production capacity (for a total of 1,100 direct jobs). Employees working at the new manufacturing facility will be eligible for benefits including health insurance, vacations, holidays, bonuses, and 401k. The Project has also created as many as 100 construction jobs and is expected to create 3,200 indirect jobs in the dairy industry. The Agro-Farma facility is strongly supported by the state, county and town and will serve to be a dynamic channel for future development in this region.