1 min read
Posted on 02.21.07
  • 1 min read
  • Posted on 02.21.07

SLDC has completed the allocation cycle for the current round of New Markets Tax Credits. The entire $52 million allocation has now been funded. This sets the stage for a new NMTC application to be submitted to the Treasury Department on February 28.

Developments made possible with the NMTC allocation are these:

  • Ludwig Lofts, developed by LoftWorks
  • Center Ethanol plant in the Illinois part of the region
  • Hammermill Lofts, developed by Conrad Properties/Rodgers Townsend as office and retail space
  • Loop Hotel, developed by Joe Edwards/Bob O’Loughlin
  • BioVest International, a life sciences manufacturing firm
  • Solae headquarters development in CORTEX
  • One City Center office tower, developed by Pyramid Companies