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November 30, 2023
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Shareholder R. Kymn Harp was a presenter on November 17 for the Illinois State Bar Association’s Real Estate Law Update 2023 discussing “Development Agreements: How Big Projects Get Built”. The presentation provided insight into how to structure real estate development projects through the use of two different types of development agreements. One, community development agreements between a municipality and a project developer for use of public money to fund private development – so called ”public/private partnerships”; and, two, project development agreements between a developer and its investors to fund the equity component of a development project (while keeping a focus on satisfying the project lender).