Could this fit
my project?
Organize the site, proposed uses, budget, timing, and participation questions that shape an initial assessment.
Explore project typesIssue 3 · Economic development districts · ArkansasFrom development
From development
concept to a
workable deal.
Practical guidance on project incentives for developers, businesses, and the capital behind them.
A resource from Quattlebaum, Grooms & Tull PLLC.
Built around project questions, from initial planning through closing.
ARKANSAS DEVELOPMENT FINANCE / QGT
The project.
The structure.
The next step.
The structure.
The next step.
Find your starting point
Start with the facts a project assessment needs.
Start hereFor the people
behind the project
behind the project
01Developers & owners
02Businesses expanding
03Lenders & investors
04Counsel & advisers
Start with your projectThe right questions.
The right questions.
A more informed next step.
Move beyond an overview of Issue 3 to the decisions that belong in a development plan.
Could this fit
How could the
structure work?
Compare potential funding at closing with payments over time, using consistent assumptions and clear conditions.
Explore financing questionsWhat will the
lender need?
Consider payment rights, assignment, consents, default, and transfer provisions before the agreement is signed.
Read the transaction guideThe resource library
Start with the guide Guidance built for the deal.
The starting pointA developer’s
A developer’s
guide to Issue 3.
From understanding the framework to preparing the project for a meaningful discussion.
Open the guideTransaction guide · Sample article
The agreement is part
of the financing.
Read the guide Project illustration · Fictional scenario
Rethinking a retail property:
the questions behind the model.
Explore the illustration Implementation watch
Separate the proposed framework from the steps needed to put a project into practice.
View status snapshotThe QGT perspectiveReal estate.
Real estate.
Commercial finance.
Economic development.
The resource center connects development questions with the work of structuring and documenting a transaction.
Explore the proposed practiceExperience with Arkansas TIF districts.
QGT’s published practice history identifies work on early districts in Jonesboro and North Little Rock.
Read the firm’s published experience ↗Connected to the full transaction.
QGT’s real estate practice covers acquisitions, development, financing, leasing, and dispositions.
Explore QGT’s real estate practice ↗Frequently asked questionsAnswers for
Answers for
project sponsors.
Start with the issues developers, businesses, and their advisers need to work through.
Search all FAQsCan we begin planning before all implementation details are settled?
Getting started
A useful first step is to organize the site, budget, schedule, existing activity, and financing assumptions. Keep potential incentive proceeds separate from committed sources of funds. A planning exercise should identify the decisions that must wait for enacted law and local approvals; it should not present those decisions as already resolved.
Related resourceHow should we compare bonds with pay-as-you-go payments?
Financing
Compare the timing and conditions of usable proceeds, not only a headline total. Ask the financing team to show transaction costs, reserves, coverage requirements, payment restrictions, and discounted cash flows under the same underlying assumptions. Neither structure should be described as categorically superior or available without the required legal and project review.
Related resourceCan a lender lend against or take an assignment of an incentive agreement?
Financing
That is a question to resolve in the documents and with the proposed lender. The review should address the right to payment, permitted assignment, required consents, notice and cure rights, remedies, and consequences of foreclosure or a project transfer. Do not treat a projected payment stream as approved collateral before that review.
Related resource
The QGT teamTim Grooms, Cliff McKinney,
Tim Grooms, Cliff McKinney,
and Jeb Joyce.
Tim Grooms
Managing Member / Little Rock
Banking, commercial lending, real estate, and business transactions.
View Tim’s full QGT bioCliff McKinney
Managing Member / Little Rock
Real estate, land use, and business transactions.
View Cliff’s full QGT bioJeb Joyce
Managing Member / Northwest Arkansas
Commercial real estate, commercial finance, and banking transactions.
View Jeb’s full QGT bioFull biographies, credentials, and contact information are maintained on QGTLaw.com. Any engagement is subject to conflicts clearance and an agreed scope.
Put the guidance to work
Discuss your project Have a project in mind?
Start with the project. Then evaluate the structure.