Federal Financing-apalooza

No, our headline doesn't have the same ring as Lollapalooza, but yesterday we spotted finance-finding rock stars, at MPCCAF and ASA  events, who make the three week wait until the music fest just a bit more bearable.
 

Farr Associates Doug Farr (here with Regional Transit Authority's Steve Schlickman  and Chicago Metropolis 2020's Nancy Firfer) spoke at the Metropolitan Planning Council and Chicago Architecture Foundation's "Reinventing Public Investment" luncheon. A big proponent of LEED for Neighborhood Development, Doug hopes the designation will be considered when the government is assigning recovery funds. He tells us he's completing a project in uptown Normal, IL to create a traffic circle around a park, on the intersection of five streets. Despite our prodding about the uniqueness of the project, he refused to use the phrase "unusual for Normal."

 

The Ford Foundation's Don Chen (Smart Growth America founder) says part of creating sustainable neighborhoods is creating equitable transit-oriented developments. They make the retail and multi-family they house appealing to more than just low income families because of the opportunities for inclusion. He also says making your development multi-variant and multi-benefit can help gain interest from government funding sources. (We'll add tax evasion to that list, but for entirely different reasons.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient