Development Academy for Communities Webinar 3: Pulling back the curtain: How developers make money
Friday, November 8th 1:00-3:00PM EDT
Host Organization: EPA, Office of Brownfield and Land Revitalization
- Aimee Storm, U.S. EPA, Office of Brownfield and Land Revitalization
- Michael Taylor, Vita Nuova, LLC
- Tony Bialecki, Vita Nuova, LLC
- Elaine Richardson, Vita Nuova, LLC
Summary of Webinar: Why does it cost so much? This webinar focuses on what goes into a real estate development project and how it is financed. We will review a proforma and discuss sources of capital, uses of funds, and expectations for profit. We will introduce how environmental issues impact the finance process and how they are addressed. The objective is to develop an understanding of what it takes to pay for a development project and what investors need to provide funds for redevelopment.
This is the third webinar in a FREE webinar series for the Office of Brownfields and Land Revitalization's (OBLR) RE-Development Academy for Communities, which also includes a half-day workshop at the 2019 National Brownfields Training Conference. Together, they comprise a single, full Academy program designed to provide community members with a general understanding of real estate and brownfields redevelopment. Each session builds on information and skills covered in each of the previous sessions in the series and a workshop at the conference where you will compete to redevelop a most valuable and complicated brownfields site. Your participation in each session will ensure you get the most out of the training.
This webinar is being offered for community members (including local governments, economic development and environmental protection departments, community nonprofits, brownfield redevelopment agencies & other local stakeholders), technical assistance providers, and state and tribal partners.
Registration Link: https://clu-in.org/conf/tio/RE-DA3/