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Implementation Strategies <br /> From the beginning of the process,the City of South Bend Private Funding Sources Example Funding Stack for a Public Project <br /> approached the Downtown South Bend 2o45 plan through Private funding sources typically fund the majority of private Philanthropic Funding tor Gaps_> — <br /> the lens of implementability.This informed the selection development(for-profit buildings and uses on privately owned not covered try other sources <br /> criteria for the interventions,the vetting and development of land).Private funding sources typically include: Leveraged Private Investment—* <br /> action steps,and the intentional involvement of partners early <br /> •in the process.The plan is based in market projections of Conventional bank debt Local math and/or tax� >Protect <br /> Cost <br /> what is realistic and achievable in the 20-year timeframe.The • Subordinated debt <br /> implementation strategy laid out in this chapter addresses Lead <br /> • Private capital and equity State&Federal grants a bonds—) <br /> responsibilities and roles,partnerships.and timeframes. <br /> Philanthropic Funding Sources _ <br /> Philanthropic grants should act primarily as the gap equity W <br /> FUNDING SOURCES for both public and private projects.The intent is to ensure Example Funding Stec k far a Private Prefect <br /> a <br /> o <br /> Public Funding Sources that grants from donors and foundations are leveraging the Philan h Philanthropic Drams_ — in <br /> maximum public and private sources first.Grant requirements Pudic Incentives_ <br /> Public funding sources form the base of the capital stack <br /> for projects with public benefit.Public funding sources are will be defined to ensure the desired impact. owner/Developer Equity iii <br /> 0 <br /> appropriate for projects such as: Taal <br /> ix <br /> to <br /> How will projects be implemented? s•oo di etedoeot—� >CProst <br /> • Creation of public gathering space and parks ' <br /> • Public-private partnerships(PPPs) <br /> • Street transformations and public right-of-way projects Conventional Bank Debt—> <br /> • Publicly-funded and publicly-led projects within rights-of- <br /> • Improvements to walking and bicycling networks way and on publicly-owned land <br /> • Utility improvements • incentives and improved economic environment for private <br /> investment <br /> • Green infrastructure and drainage improvements Example Funding Stack for a Non-Profn Project <br /> • Ordinance and policy updates <br /> • Public-use buildings(community centers,museums, Philanthropic Grants_—> <br /> • Public support for taxes and miltages <br /> schools.libraries,government facilities,etc.) <br /> • Rezoning and entitlement of strategic parcels Pub c Incentives [fatal <br /> • Financial incentives for private development projects that .- Protect <br /> • Leveraging state and philanthropic grants cost <br /> are not yet market feasible(such as low-or no-interest Non-Prat Capital <br /> financing,bonds,gg-year Land leases on public land.tax <br /> • Incremental improvements to quality-of-life Fundraising Campaigns—� <br /> credits,small grants.etc.) _ <br /> Dov.NTowr ._ ,ppH BEM-,`U4i Pi.rot I Sc Ull I BF flit [NI int i ht-;&H:c+cr Implementation 134 <br />