News & Events

Butler Snow Attorney to Speak on Financing Brownfields with Private Activity Bonds

Butler Snow attorney, Blake C. Sharpton, will be a featured speaker during the Council of Development Finance Agencies (CDFA) webinar regarding the financing of Brownfield projects with Private Activity Bonds (PABs).  The webinar, which will take place from 2:00 pm – 3:30 pm EST on Thursday, March 9,  is free and you can register here.

If you’re a private entity that wants access to capital markets or a community working with a developer who needs financing to get a Brownfield project started, the PABs may be a development finance tool available to you.  When a PAB is “qualified,” the interest on the bonds is exempt from federal income taxes, providing the borrower with lower-cost capital than would be available through taxable bonds or traditional bank loans.