Description

Building on the structural overview provided in Quorum Forum 97:  Anatomy of a Redevelopment Agreement, the panel explores how municipalities can use RDAs to bridge financial gaps and ensure projects are feasible for developers while protecting the public interest.

Highlights:

• The Math of Incentives: Understanding Internal Rate of Return (IRR), yield on cost, and how consultants use gap analysis to size incentives.
• The "But For" Test:  A look at the legal and financial necessity of incentives, and the idea that a project would not happen "but for" the public assistance.
• Net Public Benefit:  How to measure the "dividend" of a public investment through tax base growth, job creation, and revitalized storefronts.
• Case Studies from the Trenches:  Terri Cox shares lessons from the Bishop Classic project in Chicago and a $5 million car wash development on Dixie Highway in Harvey.
• Performance-Based Protections:  The importance of clawback provisions, reimbursement schedules, and why the public sector should generally avoid being a landlord.

Department of Public Works:

• Illinois Township Attorneys Association Seminar: Join Katie Nagy and other Ancel Glink attorneys on May 15, 2026, for sessions on First Amendment audits and board meeting best practices.

Resources:

Quorum Forum 97: Anatomy of a Redevelopment Agreement (Part 1)

Terri Cox Profile:  Matanky Realty Group

Michio Murakishi Profile:  Meech Group

Credits:

§  Chair:  Daniel J. Bolin

§  Featured Guests:  David Silverman (Ancel Glink), Michio Murakishi (Meech Group), and Terri Cox (Matanky Realty Group)

§  Producer:  Daniel J. Bolin

§  Executive Producer:  Keri-Lyn Krafthefer

§  Engineers:  Ricardo Perez and Matt Smith

Disclaimer:  This podcast is provided as a service to our public and private sector clients and friends. It is intended to provide timely general information of interest, but should not be considered a substitute for legal advice.