“azalea” Retail Center, South Gate, CA
The City needed to pay for offsite public improvements related to “azalea”, a major retail development in the City with promises to generate significant sales tax revenues for the City.
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The City needed to pay for offsite public improvements related to “azalea”, a major retail development in the City with promises to generate significant sales tax revenues for the City.
Developer and equity partner required $15 – 20 million in additional project funding to complete project. Securing additional project funding at the depths of the recession was extremely challenging from typical sources