Municipal & Real Estate Finance Success Stories

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Industrial Redevelopment, City of Kankakee, Illinois

Principals of NexGen assisted the City by advising on the final structure of the TIF. The structuring of this TIF District included advising on the best way to maximize the benefit to the Developer, the City, and all the taxing districts.

Industrial Redevelopment, City of Kankakee, Illinois

Principals of NexGen assisted the City by providing financial estimates related to Tax Increment Financing for a general obligation bond issue. Our work included the valuation of the improvements, the economic trend analysis for reassessment growth, property tax rate analysis, and estimation of incremental taxes deposited into the special allocation fund.

Industrial Redevelopment, East Chicago, Indiana

Principals of NexGen assisted the corporation in structuring the boundaries of the TIF, the financing related to the TIF and the valuations of the improvements. Our work included the review of the financial feasibility report and its related assumptions that was prepared by another consulting firm.

Industrial Redevelopment, Chicago, Illinois

Principals of NexGen assisted the City of Chicago understand the existing tax environment for taxes relating to the State of Illinois and City of Chicago municipal taxes as they compare to competing states. Taxes being analyzed include, but are not limited to, state income tax, sales tax, use tax, real and personal property tax, utility tax, and unique municipal taxes. In addition to the state and local tax picture, a comparative analysis of incentives is being provided. The incentives analyzed include incentives on the state and municipal level.

Commercial Redevelopment, Village of Oak Park, Illinois

Principals of NexGen assisted Oak Park with TIF consulting work. The scope of services provided include estimates of incremental property and sales tax revenues, advice on the restructuring of the Redevelopment Project Area, and advice as to the costs and benefits of different forms of financing related to the Redevelopment Project Area.

Commercial Development, New Haven, Connecticut

Principals of NexGen assisted a real estate developer evaluate the feasibility of a retail shopping center, estimate incremental sales tax revenues associated with Tax Increment Financing, and advise on different structures of debt that may be issued associated with the TIF District.

Commercial Development – Phase II, New Haven, Connecticut

Principals of NexGen assisted a real estate developer evaluate the financial feasibility of phase II of the development of a shopping center, estimate incremental property tax revenue associated with tax increment financing, and advise of the size and structure of the special revenue backed debt associated with the retail TIF District.

Retail Development, Independence, Missouri (2nd Feasibility Report for Independence)

Principals of NexGen prepared a Financial Feasibility Report for the remarketing of special revenue (TIF) bonds in the secondary market. Our work entailed the determination of current market conditions for the specific retail activity and the projection of the incremental property and sales taxes.

Retail Development, Independence, Missouri (1st Feasibility Report for Independence)

Retail District, Carol Stream, Illinois

Role: Financial Feasibility Consultant - Principals of NexGen prepared a Financial Feasibility Report for a proposed retail redevelopment project area in Carol Stream. Our work included determination of market conditions for the feasibility of additional retail space, and estimation of incremental property tax revenue in support of a special revenue (TIF) bond.

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