
Economic Incentives
Representing local governments, economic development agencies, companies and developers, we help our clients' structure and negotiate economic incentives to spur business development and growth across Tennessee.
We offer deep experience in the creation, administration and implementation of payment in lieu of tax abatement (PILOT) programs and tax increment financing (TIF) programs, as well as the structuring and execution of sales tax increment financings and special assessment bond financings. Having been heavily involved in the drafting of legislation regarding the use of TIFs by industrial development boards and housing and redevelopment authorities, we bring unique insight and substantial knowledge of how to leverage incentives for the maximum long-term economic impact.
Our team is involved in incentive projects ranging from a few million dollars for infrastructure improvements relative to new retail developments to hundreds of millions of dollars for convention centers and sports facilities in major cities. Representing local governments as well as companies and developers in these transactions, we bring a comprehensive perspective to all aspects of economic incentives transactions as a result of representing clients on all sides of the table.
Beyond deal work, our attorneys are actively involved in helping to educate state and local officials across Tennessee on the use of economic incentives — volunteering their time to speak at multiple economic development programs each year and authoring publications on the topic.
Experience
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We represented the City of Knoxville and Knox County and served as bond counsel to The Sports Authority of the...
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During 2022, we assisted housing authorities with the Rental Assistance Demonstration (RAD) conversion of approximately 500 affordable housing units. These...
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We represented Fiberon, a producer of composite-based decking, railing and fencing, owned by Fortune Brands (NYSE: FBHS) in a real...
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We served as bond counsel in connection with a Rental Assistance Demonstration (RAD) conversion/rehab for The Villages at Old Hickory,...
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We represented the developer of Burlington Commons, an affordable housing complex in East Knoxville, in all aspects of the transaction....
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We served as bond counsel and local counsel to affiliates of social services organization People Incorporated of Virginia in connection...
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We represented Southern Properties, Inc. in obtaining approval for up to $96.4 million in tax increment financing (TIF) funds to...
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We represented the Poplar Corridor Business District Association of Owners in obtaining approval for use of tax increment financing (TIF)...
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We served as bond counsel to LHP Capital, LLC for three tax exempt financings relating to the rehabilitation of the...
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We represented Kemmons Wilson Companies, LLC in the closing of a ground lease and financing for the redevelopment of the...