Economic Incentives
Bilzin Sumberg’s attorneys are dedicated to navigating the complex landscape of federal, state, and local government incentives on behalf of the clients, contributing to the success of their development projects across Florida and beyond. Drawing upon a range of practice areas, including real estate, land use and zoning, affordable housing, government contracting, environmental, and public-private partnerships, the firm’s industry-recognized attorneys are skilled at identifying and advising on the wide array of available incentives that benefit our diverse client base, from developers, property owners, and infrastructure companies, to engineering firms, contractors, and major corporations.
Bilzin Sumberg’s Economic Incentives practice thus offers a depth of experience and a commitment to delivering tailored solutions that together drive business success and maximize bottom lines. The following represents some of the incentives for which various companies seek Bilzin Sumberg’s counsel:
- Tax exemptions under Florida SB102 and SB328 (Live Local Act)
- Affordable housing tax credits, tax-exempt bond financings, and grant programs
- Historic preservation incentives
- Community Redevelopment Agency (CRA) incentives
- Qualified Opportunity Zones and Qualified Opportunity Fund formation
- Incentives negotiated for the relocation of businesses and major events
- Performance-based agreements
- Impact fee reimbursements and zoning bonuses
- Brownfields rehabilitation and redevelopment incentives, including federal Environmental Protection Agency Brownfields Grants, grants under the federal Site Specific Activity/Targeted Brownfields Assessment Program, and Voluntary Cleanup Tax Credits
EXPERIENCE
Negotiation of economic development incentive programs for major corporate clients, as well as representation of developers and contractors in complying with the government procurement procedures of the United States Department of Defense, Postal Service, General Services Administration, and various...
Representation of the owners of Miami Dolphins and Hard Rock Stadium in successful negotiations with Miami-Dade County to support a $700 million stadium modernization project, including a rooftop shade canopy, new seating for fans, and concourse renovations. The stadium is constructed on land owned ...
Representation of Wexford Miami, LLC, developer of the first and second phase of the University of Miami Life Science & Technology Park. Phase one, a $105 million project, is comprised of a 170,000 square foot research & development building and the 80,000 square foot University of Miami Tis...
Representation of Argent Ventures, a New York-based developer, in the $142 million redevelopment of the Omni Mall, Hotel, and Convention Center in Miami, and in negotiating economic incentives to support the project. Redevelopment included 225,000 square feet of commercial office space, a $31 millio...
Representation of the Miami Dolphins in the negotiation of an economic-incentive agreement with the City of Miami Gardens and the amendment of the team’s marquee event grant agreement with Miami-Dade County, both to create economic incentives in support of moving the Miami Dolphins practice facility...
Representation of retail property owner in Wynwood neighborhood of Miami in claiming Enterprise Zone economic incentives offered by Miami-Dade County and the State of Florida, which took the form of reimbursement of road impact fees to the owner.
INSIGHTS
Eric Singer serves as a panelist for Transit-Oriented Development (TOD): Developing Affordable and Workforce Housing at Public Transit Stations at the U.S. Housing & Community Development Conference in Dallas, Texas.
Florida’s Live Local Act, which was adopted in 2023, has already garnered significant attention. The Live Local Act is an ambitious piece of legislation intended to facilitate and incentivize the development of new housing for working families. But, a recent Florida Policy Institute report exp...
Tax Increment Financing (TIF) is a financing tool used by local governments to fund economic development projects.It allows local governments to capture a portion of the tax revenue generated by a specific area and use it to fund improvements within that area.
Anthony De Yurre discusses the important issues that out-of-state investors and developers should keep top-of-mind as they enter local markets.
Anthony De Yurre participated in a panel discussion about current and future opportunities in this sector at Bilzin Sumberg’s South Florida Redevelopment Conference.
With Florida’s pro-business climate and warm weather, the state has always been a target for corporate headquarter relocation and business expansion. Couple that with the elimination of the SALT deduction and a focus on quality of life issues in the age of COVID, Florida has gone from the shortlist...
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