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City of Prescott to Increase Impact Fees The City of Prescott, AZ intends to discuss raising impact fees for water, wastewater, streets, and public safety by nearly 70%. The City Council will review the Infrastructure Improvement Plans on July 9th. The current impact fees total $11,423 and the City intends to potentially increase the impact fees to $19,341 per residential unit. The professionals at Launch Development Finance Advisors know how important it is for investors, developers and homebuilders to have accurate and timely information related to impact fees when planning new projects. For over 35 years the professionals at Launch have been assisting the private sector with navigating the development process including development agreement language, the establishment of reimbursement mechanisms, project due diligence, reduction of costs, and the mitigation of risks. Please contact Nicholas Kral at nickk@launch-dfa.com or Carter Froelich at carter@launch-dfa.com to discuss how Launch can help with your project. _________________________________________________________________________________ Plus: Whenever you’re ready, here are 4 ways Launch professionals can help you with your project:  • Prepare a Bond Sizing Analysis for your Project – If you have a project in Texas that requires extensive public infrastructure, have Launch professionals prepare a complimentary bond analysis for your project. • Add Favorable Financing Language to Annexation and/or Development Agreements – Create certainty and flexibility related to your project’s infrastructure financing by having Launch professionals prepare handcrafted favorable financing language for inclusion in your Annexation and/or Development Agreement. • Perform The RED Analysis™ on your Project – We have developed a unique process at Launch called The RED Analysis™ in which we perform a diagnostic review of your project to determine possible ways to Reduce, Eliminate and Defer infrastructure construction costs in order to enhance project returns. • Track Your Reimbursable Costs Utilizing The Launch Reimbursement System™ (“LRS”) – Never lose track of your district eligible reimbursable costs and have Launch manage your district’s costs reimbursement tracking, preparation of electronic reimbursement submittal packages and processing of your reimbursement requests with the district, jurisdiction and/or agency.

ICYMI: The City of Jacksonville has been awarded a $1.25 million grant from the Build America Bureau, a division of the U.S. Department of Transportation. This funding will support management of the LaVilla Transit Innovation and Equity Project, an effort to revitalize key transportation assets by transforming existing facilities into a cohesive, multifunctional transit hub in downtown Jacksonville. Specifically, the City of Jacksonville will explore restoring the Prime F. Osborn III Convention Center as the central rail station that it has served in the past, and nearby transit-oriented development options that bring new passenger rail connections to Jacksonville. By undertaking this planning process with the Build America Bureau, the City of Jacksonville and private sector partners will be eligible for federally backed loans that finance future projects in the area with low interest rates and flexible payment terms. Jacksonville is one of 45 communities to receive Innovative Finance and Asset Concession Grant Program funds, which were made available by the Bipartisan Infrastructure Law that was championed by President Joe Biden and Vice President Harris and remains a lynchpin of their Investing in America agenda. “We’ve been working with the Build America Bureau for many months to take this idea from concept to the planning stage,” said Mayor Donna Deegan. “This is an exciting opportunity to restore the Prime Osborn to its glory as Jacksonville’s central rail station and create more passenger rail options for our citizens and visitors alike. The LaVilla Transit Innovation and Equity Project will transform our downtown and create new economic development opportunities.” In a national announcement about the program, U.S. Transportation Secretary Pete Buttigieg said, “Through the bipartisan infrastructure package, the Biden-Harris Administration is helping cities, states and transit agencies develop projects on underused properties—including tens of thousands of housing units over the next decade.” Build America Bureau Executive Director Morteza Farajian also noted that “the goal of this innovative program is to facilitate partnerships between private and public entities to deliver community benefits in a more efficient and cost-effective manner. The selected recipients represent a wide range of projects that are good candidates for public-private partnerships.” This project will conduct asset scans and pre-development activities under a Technical Assistance Cooperative Agreement to prepare for future enhancements. The project focuses on integrating various transportation modes, enhancing intermodal connectivity, and improving community accessibility. The strategic goal is to enhance the existing infrastructure to support economic development, reduce carbon emissions and provide equitable transit solutions, leveraging the area's rich historical context and strategic geographic location.

MEDIA RELEASE | Roads to Recovery Funding Tablelands Regional Council Mayor Rod Marti is pleased with the latest allocation of the Roads to Recovery Funding (R2R). ‘Our 2024–29 R2R allocation is $8,620,920, well up on the previous allocation of $4,898,233 in 2019–24 and we thank the Australian Government for their foresight and consideration in applying this level of funding to our region. This increase will help to offset the rising costs of road maintenance and renewals, and the additional strain the recent weather has placed on our roads. R2R is a non-competitive funding source and can be allocated to road renewal and upgrade projects. It generally supports our road surface rehabilitation, asphalt overlay, bitumen reseal and gravel resheeting programs,’ said Mayor Marti. The announcement of the R2R funding comes on the back of allocations of Local Roads and Community Infrastructure (LRCI) and Works for Queensland (WFQ) funding. ‘We received $1,544,729 LRCI funding for road and community infrastructure projects, and $4,320,000 WFQ funding for infrastructure projects, maintenance, planning and capability development. We’re still finalising what projects and programs this funding will be applied to but we’ll make the best use of these external funds. You can follow the progress of our programs at trc.qld.gov.au/programs'. R2R — Funded by the Australian Government under the Roads to Recovery Program. W4Q — Proudly funded by the Queensland Government in association with Tablelands Regional Council. LRCI — These projects are funded by the Australian Government under the Local Roads and Community Infrastructure Program.

Last night the House and Senate Appropriations Committees released their bipartisan agreement on the first six government funding bills, including the bill funding the Department of Transportation. The House and Senate are expected to take up the bills early this week. This is a very positive sign! The highlights are that the bill protects the funding authorized in the Infrastructure Investment and Jobs Act (IIJA) and includes the following: The bill provides $106 billion for the Department of Transportation. Of that amount, $16.6 billion is for the Federal Transit Administration. Note that a significant amount of the funding was already appropriated in the IIJA, however, this bill provides additional funding on top of the advance appropriations: $2.2 billion for Capital Investment Grants, which is $1.43 billion more than the House bill. This is in addition to the $1.6 billion in advanced appropriations made available under the IIJA. $252,386,844 in transit infrastructure grants of which $20,000,000 is for ferry boats grants; $500,000 is for technical assistance and resources to Tribes; $1,500,000 is for bus testing facilities; $206,817,976 is available for community projects (i.e., earmarks) designated in the bill; $20,000,000 is for ferry service for rural communities; and $3,568,868 is available for technical assistance, research, demonstration, or deployment activities or projects to accelerate the adoption of zero emission buses in public transit. Of note, this is in addition to the advance appropriation for transit infrastructure grants in the IIJA. $7,500,000 is for technical assistance and training activities, which is also in addition to funding provided under the IIJA. The bill directs that not less than $1,500,000 of the funds is for a cooperative agreement for a technical assistance center to assist small urban, rural, and Tribal public transit recipients and planning organizations with applied innovation and capacity building. Also, not less than $2,500,000 is for a cooperative agreement for Workforce development and standards-based training.

It’s time to familiarize yourself with Build America, Buy America and prepare for the broader implementation of the Buy America Preference for HUD funded housing infrastructure projects. I hope this article serves as a helpful starting point. #affordablehousing

**THE SIGNIFICANCE OF GOVERNOR BALA ABDULKADIR MOHAMMED'S EFFORTS IN REBUILDING BAUCHI STATE'S INFRASTRUCTURE AND ROAD NETWORK** By Engr. Seth Francis 20/4/2024 Governor Bala Abdulkadir Mohammed of Bauchi State has embarked on a transformative journey to rebuild all aspects of the state, with a particular focus on infrastructure and road networks. His efforts are not only commendable but also crucial for the development and progress of the state. One of the key areas where Governor Bala Abdulkadir Mohammed has made a significant impact is in infrastructure development. By investing in infrastructure such as roads, bridges, and buildings, the governor has improved the overall quality of life for residents. Improved infrastructure has made essential services such as healthcare and education more accessible, thus enhancing the well-being of the people of Bauchi State. Additionally, Governor Bala Abdulkadir Mohammed's efforts in rebuilding the road network in Bauchi State have been remarkable. A well-maintained road network is essential for economic growth as it facilitates the movement of goods and people. By improving the road network, Governor Bala Abdulkadir Mohammed has not only boosted economic activities in the state but also created job opportunities for the residents. Furthermore, the governor's focus on rebuilding infrastructure and road networks has the potential to attract investors to Bauchi State. A state with good infrastructure is more attractive to investors as it provides a conducive environment for business. This, in turn, can lead to increased economic growth and prosperity for the state and its people. In conclusion, Governor Bala Abdulkadir Mohammed's efforts in rebuilding Bauchi State's infrastructure and road network are of great significance. His commitment to improving the lives of the people of Bauchi State through infrastructure development is commendable and will undoubtedly leave a lasting impact on the state for years to come.

The Infrastructure Commission got asked for comment on the kerfuffle over the Independent Hearings Panel report on the Wellington District Plan (https://lnkd.in/gj97hYsZ). Summary: We were surprised... "The IHP recently released its first set of recommendations. It rejected submissions arguing for more growth than the NPS-UD required, recommended against upzoning around the Johnsonville train line because the service wasn’t frequent enough, and said that enabling more intensification didn’t have a bearing on housing affordability. On the latter point, Cooper said the panel was at odds with the overwhelming weight of peer-reviewed empirical evidence. “A large amount of research demonstrates that strict zoning policy can limit housing development, resulting in fewer homes and higher house prices,” he said, citing work done on the unitary plan in Auckland, which showed upzoning caused housebuilding to increase and rent growth to decelerate relative to other cities. “The recommendation to restrict development in areas already well-served by infrastructure risks exacerbating Wellington’s infrastructure challenges,” Cooper said. “It is often, although not always, cheapest to service growth in areas that already have infrastructure, including the types of areas that the council was proposing to upzone. "Diverting growth to other areas means infrastructure costs will likely be higher and compete with other infrastructure priorities for the region." "

Trading InvITs through an Infrastructure Exchange Concept Overview The proposal involves trading Infrastructure Investment Trusts (InvITs) through an Infrastructure Exchange, where infrastructure industries will sell these InvITs to licensed buyers from the auto industry. This model incorporates satellite-based toll collection to enhance market efficiency and reduce the burden of excessive tolls on the general public. Instead of traditional toll collection and bond issuance, the National Highways Infra Trust (NHIT) will recover infrastructure costs through the sale of InvITs, supported by government-issued tax benefits to encourage investment. Key Components 1. Infrastructure Exchange: - An organized platform where InvITs are listed and traded. - Ensures transparency, liquidity, and standardized trading processes. 2. Licensed Buyers from Auto Industry: - Buyers, primarily from the auto industry, licensed to purchase InvITs. - These buyers can include auto manufacturers, large fleet operators, and logistics companies. 3. Satellite-based Toll Collection: - Advanced toll collection system using satellite technology. - Facilitates distance-based tolling, ensuring users pay tolls proportional to their road usage. - Reduces the need for physical toll booths, decreasing congestion and operational costs. 4. Tax Benefits for Traded InvITs: - Government-issued tax benefits for investments in InvITs traded on the Infrastructure Exchange. - Encourages broader participation and investment from various sectors. Benefits 1. Market-Oriented Efficiency: - Trading InvITs on an Infrastructure Exchange introduces market-driven pricing mechanisms. - Encourages investment based on demand and supply dynamics, promoting efficient allocation of resources. 2. Reduced Toll Burden: - Satellite-based tolling ensures fair toll collection based on actual road usage. - Prevents excessive toll charges on the general public, promoting equitable use of infrastructure. 3. Investment Diversification: - Allows infrastructure industries to diversify their funding sources by attracting investments from the auto sector. - Provides the auto industry with a new avenue for investment, aligning their interests with infrastructure development. 4. Enhanced Transparency and Accountability: - An organized exchange promotes transparency in transactions and pricing. - Regular monitoring and regulation ensure accountability in the trading of InvITs. 5. Government Support through Tax Benefits: - Tax incentives for traded InvITs encourage investments and support the penetration of road infrastructure development.

🔍 Q&A: How Does Infrastructure Shape Commercial Land Values in Montana? Q: Why does infrastructure matter so much in commercial real estate? A: Infrastructure such as utilities, roads, and communication networks is crucial because it enables higher density and more intensive uses of land. This directly influences the economic viability and potential profitability of commercial properties. Q: Can you give an example of how infrastructure impacts land value? A: Consider a 5-acre plot zoned for multifamily use. Without access to city water or sewer, it might only support the development of a couple of homes. However, with these services, the same plot could potentially accommodate 200+ apartments, significantly enhancing its value. Q: What should landowners consider before selling or developing their property? A: Landowners should be aware of local zoning changes, new community land use plans or growth policy amendments, and planned expansions in infrastructure like water and sewer services. These factors can dramatically increase property values and affect development opportunities. Q: How can I find out what my commercial land is really worth? A: For an accurate assessment, consider getting a Broker Opinion of Value. This evaluation takes into account recent market trends and local infrastructure developments, providing you with a clear picture of your property’s potential. 📈 Interested in discovering the value of your property based on current infrastructure and market conditions? Contact Matt@SterlingCREadvisors.com today!

#Government withdraws £500m for infrastructure projects intended to help deliver 42,000 homes Funding for 16 projects has been cancelled as they are ‘undeliverable’ due to financial constraints😡😡😡 The Department for Levelling Up, Housing and Communities #DLUH has cancelled £538.8 million in funding for infrastructure projects intended to help deliver than 42,000 homes. WHY! They can waste so much money on unnecessary things. #construction #loveconstruction #constructionindustry