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.
