Professional Education Course

IEDC Real Estate Development and Reuse

Course Title: IEDC Real Estate Development and Reuse
Program ID: EDEV 1006P	Subject: Economic Development

Sections

Registration Deadline	Section Dates	Format & Location	CEUs	Fee	Status

Oct 18, 2012 (Thu)

Oct 18, 2012 (Thu) - Oct 19, 2012 (Fri)

Atlanta (Georgia Tech Global Learning Center) (this is an onsite course)

1.1

$525

OPEN

Meeting Times
On the first day, check in at least 30 minutes before the class start time.

Thursday, October 18, 2012 (9:00 AM-4:30 PM)
Friday, October 19, 2012 (9:00 AM-4:30 PM)

Alternate Rates

IEDC Members:

$425 by 9/6/12
$525 from 9/7/12 to 10/4/12
$565 after 10/4/12

Non-Members:

$525 by 9/6/12
$625 from 9/7/12 to 10/4/12
$665 after 10/4/12

CRN

12408/220413172

Important Course Information

Click on more info for alternate rates.

Course Description

As economic developers work to improve the communities in which they work, real estate development and reuse often comes forward as a popular economic development tool. While most real estate development projects occur entirely within the realm of the private sector, the public sector becomes involved in real estate projects as it works to create jobs, improve the tax base or encourage development in a particular area, among many other reasons.

It is important then that economic developers have a solid understanding of the real estate development process. In this course, participants will be introduced to the land development process, with an emphasis on the role that the economic developer plays. Typically, the economic developer is the one that works to balance the dynamic between the profit orientation of the private developer and the public objective to be met by the real estate project. Participants will learn about the various tools that are available at the local level, including tax increment financing, bonds, land assembly and eminent domain, in addition to the many federal programs available.

What Is Covered

Overview of the land development process
Measuring fiscal and economic impacts
The roles of private, public and non-profit sectors
Considerations when providing gap financing
Local and Federal tools and resources
An overview of brownfields redevelopment
Issuing a request for proposal (RFP) or request for qualifications (RFQ)

Course Administrator

Robert Lann

Course Agenda

October 18
8:30 - 9:00 am	Registration
9:00 - 10:00 am	Overview of Real Estate Development & Reuse During this session, attendees will be introduced to the basics of real estate development and reuse. The various types of development will be discussed, including build-to-suit, speculative, greenfield and redevelopment. Participants will be introduced to development process and the roles of the private and public sector and non-profits in real estate development. Expectations and objectives will be set for the next two days and attendees will be given the opportunity to introduce themselves to the class.
10:00 - 10:30 am	Market and Site Analysis In this session, participants will learn about two key aspects of development feasibility: market and site analysis. Taking place before a development project is underway, these studies help determine whether a project is a "go" or "no-go." Participants will look at the various assumptions and inputs that make up a market analysis. The session will also examine how site features and constraints can affect a development project.
10:30 - 10:45 am	Break
10:45 - 11:15 am	Market and Site Analysis (cont.)
11:15 am - Noon	Regulatory and Approval Process Economic developers are often called upon to facilitate or expedite the public approval process. This session will explore the public sector's regulatory role in land development, focusing on zoning, subdivision and other regulatory constraints and hurdles.
Noon - 1:30 pm	Lunch on your own
1:30 - 3:30 pm	Financial Feasibility* This session continues the morning feasibility session with an in-depth look at how to analyze the financial feasibility of a development project. Specifically, participants will learn about the various elements of an operating pro forma, including calculating net operating income and cash flow. Participants will also look at debt and equity financing, as well as how to evaluate a project's return to the investor(s). This session will be very interactive, with participants applying these tools to an actual case study. *Participants are asked to bring a calculator to this session.
3:30 - 3:45 pm	Break
3:45 - 4:30 pm	Political Feasibility and Community Involvement While a proposed project may meet market and financial tests, it is not truly feasible unless it has political and community support. In this session, participants will tackle how to assess political support, involve the community and promote the project's value to stakeholders.

October 19
9:00 - 10:15 am	Federal and Local Financing This session provides an overview of federal and local development financing. Federal programs such as CDBG, SBA and tax credits will be reviewed. Local financing will include tax abatements, bond financing, tax increment financing, special improvement districts and the provision of public infrastructure. In this session, participants will gauge the strengths and weaknesses of these various mechanisms.
10:15 - 10:30 am	Break
10:30 am - Noon	Interactive Case Study In this session, participants will split into groups to tackle a real life development challenge. Drawing on your knowledge from previous sessions, you will determine how a city should respond to a proposed development deal.
Noon - 1:30 pm	Lunch on your own
1:30 - 2:15 pm	Local Tools for Development This session will continue the discussion on tools available to local jurisdictions to undertake development. This session will focus specifically on redevelopment areas, land assembly, sale-leasebacks and density bonuses.
2:15 - 3:00 pm	Brownfields Redevelopment Land contamination, whether real or perceived, is a major reason many properties are not being put to their highest and best use. During this session attendees will be introduced to brownfields assessment and regulation and various programs and incentives for brownfields redevelopment.
3:00 - 3:15 pm	Break
3:15 - 4:15 pm	Developer Solicitation, Selection and Agreements This session provides an in-depth look at developer Request for Proposals (RFP). Participants will discuss proposal evaluation, negotiations and the development and disposition agreement.
4:15 - 4:30 pm	Course Evaluation

* Agenda subject to change
PLEASE NOTE: In order to receive full IEDC certification credit for this course and a certificate indicating course completion, participants must attend the entire course and stay through the final session on the last day. Please make travel plans accordingly.

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