Such diverse projects as hotels, science parks and mall upgrades are being pitched by developers in South Florida seeking more than $170 million in low-cost financing.
The Recovery Zone Facility Bond program, part of the American Recovery and Reinvestment Act, allows private businesses and developers to receive financing through tax-exempt bonds for projects in “designated recovery zones.” The zones are areas deemed to have significant levels of poverty, unemployment, home foreclosures or general economic distress.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
