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OBLR RE-Development Academy for Communities Webinar 3: Pulling Back the Curtain: How Developers Make Money

Sponsored by: EPA Office of Brownfields and Land Revitalization

Archived: Friday, November 8, 2019
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Why does it cost so much? This webinar focuses on what goes into a real estate development project and how it is financed. We will review a proforma and discuss sources of capital, uses of funds, and expectations for profit. We will introduce how environmental issues impact the finance process and how they are addressed. The objective is to develop an understanding of what it takes to pay for a development project and what investors need to provide funds for redevelopment.

This is the third webinar in a FREE webinar series for the Office of Brownfields and Land Revitalization's (OBLR) RE-Development Academy for Communities, which also includes a half-day workshop at the 2019 National Brownfields Training Conference. Together, they comprise a single, full Academy program designed to provide community members with a general understanding of real estate and brownfields redevelopment. Each session builds on information and skills covered in each of the previous sessions in the series and a workshop at the conference where you will compete to redevelop a most valuable and complicated brownfields site. Your participation in each session will ensure you get the most out of the training.

This webinar is being offered for community members (including local governments, economic development and environmental protection departments, community nonprofits, brownfield redevelopment agencies & other local stakeholders), technical assistance providers, and state and tribal partners.

Accessibility, Recording, and Content Disclaimer

Rehabilitation Act Notice for Reasonable Accommodation

It is EPA's policy to make reasonable accommodation to persons with disabilities wishing to participate in the agency's programs and activities, pursuant to the Rehabilitation Act of 1973, 29 U.S.C. 791. Any request for accommodation should be made to Aimee Storm at 202-566-0633 or storm.aimee@epa.gov, preferably one week or more in advance of the webinar, so that EPA will have sufficient time to process the request. EPA would welcome specific recommendations from requestors specifying the nature or type of accommodation needed. Please note that accommodation requests for closed captioning are not necessary. Closed captioning is being provided for all CLU-IN webinars as of October 1, 2016.

Webinar Recording

By participating in this CLU-IN webinar, you automatically agree to authorize recording of audio and visual content presented during this live event and consent to subsequent use of this recording in the public domain by the U.S. Environmental Protection Agency. This recording may include questions and poll responses provided by you during the live event. This recording will be made available after the conclusion of the live event as part of the CLU-IN webinar archives, and will remain available indefinitely. If you do not wish to consent to the recording, please do not join the live event, and contact Jean Balent at (703) 603-9924 or balent.jean@epa.gov to discuss your concerns.

Content Disclaimer

This webinar is intended solely to provide information to the public. The views and opinions expressed as part of this webinar do not necessarily state or reflect those of the U.S. Environmental Protection Agency. It is not intended, nor can it be relied upon, to create any rights enforceable by any party in litigation with the United States, or to endorse the use of products or services provided by specific vendors. With respect to this webinar, neither the United States Government nor any of their employees, makes any warranty, express or implied, including the warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights.

Presenters:

Michael TaylorMichael Taylor, Vita Nuova, LLC
Michael Taylor, President of Vita Nuova LLC, a national consultancy, leads the repositioning and disposition of complex sites including former nuclear sites, refineries, chemical facilities and sites with significant stigma due to off-site contamination or other issues. Vita Nuova has become known as a specialist in creating value where none exists and developing approaches to long-term sustainable outcomes for all parties. Mr. Taylor has a broad background in environmental science, planning, real estate, stakeholder engagement and sustainability. He chaired the ASTM task group for the National Standard on Sustainable Brownfields Redevelopment and served on the US EPA National Environmental Justice Advisory Committee from 1998-2002. He has trained over 3,000 local economic development, state and federal officials in real estate and redevelopment of contaminated properties, co-authored numerous publications and guidance for US EPA and others and contributed to national brownfields, RCRA and superfund redevelopment policy. He was a graduate Rockefeller fellow at Yale University, where he studied Environmental Science, Public Policy and Ethics. He graduated Cum Laude in Urban Planning and Economics from Roanoke College, is a certified planner with the American Planning Association, and a full member of the Urban Land Institute.


Elaine RichardsonElaine Richardson, Vita Nuova, LLC
Elaine Richardson has 20 years of experience in senior positions in firms servicing the real estate and environmental industries. She brings leadership and expertise to the position, ensuring that the best possible solutions are provided to clients as well as managing tough issues with stakeholders?public, press, government, and industry. Ms. Richardson has prepared over a dozen reuse assessments on environmentally impaired properties, integrating market opportunities with property constraints. Additionally, Ms. Richardson has focused her communications skills in educating communities on issues related to contamination and redevelopment, and helps build support for the redevelopment of underutilized properties and preservation of green space. Ms. Richardson has significant experience in the real estate industry as a researcher and strategist. She has worked with nationally recognized commercial developers on acquisition identification and analysis, community relations and marketing. Ms. Richardson has authored numerous articles related to environmental, engineering, and real estate issues. She is the past president of The Real Estate Exchange and an active member in the Commercial Real Estate Women National Network. Ms. Richardson has completed industry training in hazardous building materials and OSHA compliance issues. She earned her BS in Communications and Marketing from Southern Connecticut State University.


Tony BialeckiTony Bialecki, Vita Nuova, LLC
Tony Bialecki is a Senior Economic Development Consultant with Vita Nuova, bringing over 35 years of development experience to the Vita Nuova team. He has worked with a wide range of public and private entities to create economic development opportunities resulting in increased job growth and the creation of real estate and business investment. As a licensed Commercial Realtor Mr. Bialecki has worked on behalf of buyers, tenants and sellers of real property to locate, relocate and expand businesses and create investment opportunities. He works with municipalities to identify potential businesses and investors to locate within distressed areas. Mr. Bialecki was the former Deputy Director of Economic Development for the City of New Haven. During his 35 years of economic development work, he managed public and private development projects including area-wide and strategic planning for the reuse of older industrial and commercial districts, and remediation of brownfield sites, including demolition of vacant industrial and commercial structures. He has significant experience helping businesses and developers secure necessary traffic, zoning and site plan approvals for development projects. Mr. Bialecki holds a Bachelor of Science Degree in Urban & Regional Planning from William James College at Grand Valley University and a Masters of Urban Planning degree from the University of Michigan, and is a member of NAIOP.


Moderator:

Aimee StormAimee Storm, U.S. EPA, Office of Brownfield and Land Revitalization (storm.aimee@epa.gov or 202-566-0633)
Aimee Storm is EPA's Land Revitalization Coordinator within EPA's Office of Brownfields and Land Revitalization (OBLR). Her work supports community-led redevelopment of contaminated properties and associated neighborhood revitalization strategies. Prior to joining OBLR, Aimee worked on projects that promote green and healthy buildings and sustainable development approaches within EPA Region V's Chicago office. She also worked with EPA's Federal Facilities Restoration and Reuse Office, where she coordinated EPA's land reuse and revitalization efforts on federally-owned properties, including military base redevelopment. Aimee holds Masters Degrees in City & Regional Planning and Business Administration.



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If you have a suggested topic or idea for a future CLU-IN internet seminar, please contact:

Jean Balent
Technology Integration and Information Branch

PH: (703) 603-9924 | Email: balent.jean@epa.gov
Michael Adam
Technology Integration and Information Branch

PH: (703) 603-9915 | Email: adam.michael@epa.gov