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ProVIew: Sustained Funding for Economic Development

April 14, 2016

Category: Reports, ProView

ProVIew: Sustained Funding for Economic Development

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The compelling aspect of a five-year funding initiative is that investors provide larger financial commitments to assure accomplishment of specific goals. Troubling to some CEO’s, however, is that the payments committed for five years will one day come to an end, while more challenges remain. To simply state the obvious dilemma: What is to be done when the money runs out? A better question is: What should be done before the money runs out?

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“Birmingham Landmarks, Inc. certainly made the right decision in selecting NCDS to raise the $7 million needed to fully restore our sadly dilapidated and abandoned former vaudeville theatre in downtown Birmingham.  Your firm provided the wisdom and experience to position the project as worthy of support, then structured a winning campaign that was creative, energizing, and relentless in pursuit of the goal.  We were especially appreciative of your flexibility relative to our early cash flow issues, and even more so in the selection of the assigned NCDS Project Executive.  Because of the success and momentum of your phase of this exceptional campaign, the Lyric staff was able to continue seeking commitments utilizing tax credits, and the total raised now exceeds $11.8 million.  Thanks to NCDS, Birmingham can boast of having one of the most spectacularly restored performing arts theaters in America.”

Brant Beene, Executive Director • Birmingham Landmarks, Inc.

National Community Development Services, Inc.
6300 Powers Ferry Road, Suite 600-165
Atlanta, GA  30339
Phone: (404) 231-0730