Incentives are a varied and valuable tool available to local planners. However, developers and communities weigh different--and often conflicting--perspectives, objectives, and concerns when using incentives to support development and redevelopment projects. Different communities also often have varying levels of market activity and public resources to leverage for sustainable and responsible development. While incentives can help communities promote development that may not otherwise be market feasible, planners and community and economic development professionals must use incentives properly to optimize public benefits and should account for community plans and goals. Similarly, while developers are, by definition, best suited to deliver the type of development and investment often desired by communities, developers must account for municipal regulations regarding development, capital needs and overall project financial feasibility to ensure the delivery and maintenance of high-quality projects.
How can a community attract new development without giving away the farm? What is financial feasibility and how do developers evaluate project returns? How can the use of incentives be improved and streamlined to improve development outcomes across the region? This APA-CMS session will explore how communities and developers can balance their competing interests to get a project built through case studies and interactive examples, as well as a review of recent policy research regarding the prevalence of, and best practices for, local development incentive use.
DATE: Tuesday, November 9, 2021 - 12pm start
HOST: APA-IL Chicago Metro Section (APA-CMS)
PLACE: Virtual. Webinar link will be provided to those who register.
CREDITS: 1.5 AICP CM credits pending
COST: $15 for professionals, $10 for members, $5 for students
SPEAKERS
Matt Stern, Policy Analyst | Chicago Metropolitan Agency for Planning
Caren Kay, Project Manager | SB Friedman Development Advisors
Bill Cooney, Community Development Director | Village of Mt. Prospect
Are you experiencing a hardship? As we receive donations for registration fees, we will be noticing those who indicated they’d like to participate with up to four (4) hardship fee waivers. Those selected will be notified by Friday, November 5, 2021. Please email cms@ilapa.org to indicate your need for a fee waiver.