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MANAGING ECONOMIC SHOCKS TO VALUE CAPTURE-FUNDED PROJECTS: IMPLICATIONS AND TOOLS FOR MANAGING-A PRESENTATION

March 2022
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5 Cases

Planning and financing for Mosaic District integrated many tools to mitigate impacts of economic shocks

Mosaic District; Fairfax County - OCR. A lively scene of mixed-use buildings, people milling around, and some traffic passing by the cluster of buildings.

Image source: https://www.fcrevite.org/merrifield/mosaic-district

Mosaic District:

  • Walkable, mixed-use, development in Northern VA
  • Financed with TIFs and supported by special assessments
  • Developed in post GFC era with financial measures that anticipated downturns

Mosai Tools Deployed: Analyze Downsides, Over-collateralize, Build in reserve funds, reduce early cash flow pressure, backstop with creditworthy sources

 

Project phasing and reduced early cash flow pressure helped Atlanta BeltLine weather economic shocks

Beltline with people on a walkway.

Image source: Christine Shepherd

 

Atlanta BeltLine

  • Transforming Atlanta’s mostly abandoned freight rail corridors into a 33-mile trail network and ~22 miles of transit
  • Financed with TIF and Special Assessment
  • Experienced reduction in expected TIF revenues during GFC

    • Mitigation Tools Deployed: Develop projects by phase, reduce early cash flow pressure. Mitigation Tools that could have helped, if deployed: Analyze Downsides

     


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