Fiscal Impact Analysis

Virgina Enterorise Zones

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Expert Analysis Backed by Experience

Clients

                                                                                      See Testimonials

                                                                                  See Endorsements


Ted Figura
Consulting was formally established in June, 2009 when Ted Figura retired from the City of Newport News.  Ted Figura began consulting part-time in 2004 while still employed by the City.  Ted Figura Consulting has public sector and private sector clients.  Below is a list of current and past clients.


Public Sector Clients


            -     Review and advice for successful Virginia Enterprise Zone designation application  (2015)

            -     Best practices study to identify methods to stimulate business formation and
                   expansion (especially of M/WBEs) in the Southeast Community and Denbigh
                    commercial corridor           
            -     Best practices study of co-working space models
            -        
City Center at Oyster Point fiscal impact model updates and documentation
            -         City Center at Oyster Point development agreements indexing and critical event
                   identification
            
            -        
20-year economic and fiscal impact of Newport News Economic/Industrial
                    Development Authorities and projects narrative
            -     Economic feasibility study of unmanned systems test facility for regional development in York
                  
County, Virginia
            -         Evaluation and recommendations regarding developer’s fiscal impact analysis
                   
of the mixed-use, 2,550 unit Huntington Pointe proposed development                              
            -        
Incentive structuring recommendations: Huntington Ingalls Industries
                    Apprentice
School
 development; Orion Air Group location; Liebherr Mining Company
                    expansion; High Liner Foods expansion
            -        
Identification and development suitability assessment of vacant and re-
                    developable sites on the 
Upper Warwick Boulevard commercial corridor
            -     Regression analysis predicting increase in retail sales in Newport News due to new retail
                    development 
            -     Revenue impact studies for new Wal-Mart and Wegman's
            -     30-year revenue history reconstruction for Oyster Point business park
            -     Tax increment financing revenue projection for Oyster Point business park
            -       
Virginia Enterprise Zone Annual Report for 2011 and assistance for 2019-2023
            -         Virginia Enterprise Zone boundary amendment application
            -     Virginia Enterprise Zone boundary amendment analysis, 2023
            -      Successful competitive
application for a second Virginia Enterprise Zone designation  (2014)
            -     Virginia Enterprise Zone Renewal Request application, 2023

            -         Successful competitive application for a Virginia Enterprise Zone designation (2009)
            -        
Successful competitive application for a second Virginia Enterprise Zone designation (2013)
            -      Draft ordinances, funding agreement, policies and procedures, and
                     application/certification forms for local Enterprise Zone incentives

            -        
Virginia Enterprise Zone boundary and incentive amendment application (2012)
          
  -         Virginia Enterprise Zone incentive amendment application (2015)
            -      Virginia Enterprise Zone Annual Reports for program years 2011-2023
            -      Virginia Enterprise Zone Renewal Request application (2019)

            -      Advised and cooperatively drafted successful competitive application for Virginia
                
Enterprise Zone designation (2012); designation was received in 2013
            -    Draft ordinances, funding agreement, policies and procedures, and
                   application/certification forms for local Enterprise Zone incentives 
 

            -         Assessment of  state grant and loan opportunities, including Virginia Enterprise
                    Zone designation

            -        
Various legislative and fiscal analyses
            -        
Description of third-party consultant’s complex economic model for financial
                   feasibility study (preliminary report completed)
            -    Local Enterprise Zone program review and evaluation
            -   Local Zone Coordinator training

            -      Advised and cooperatively drafted  successful application for Virginia Enterprise Zone
                
competitive designation (2013); designation was received in 2014

            -     Web content provision for a new economic development website for a 7-county region in far
                   western North Carolina

            -    Draft successful Virginia Enterprise Zone designation application (2015)

            -    Drafted set of local economic development incentives with implementation documents

            -      Drafted application for regional Virginia Enterprise Zone competitive designation


Private Sector Clients         

           -       James City County fiscal impact analysis spreadsheet, Windsor Ridge at Wellington

            -      James City County fiscal impact analysis spreadsheet, Forest Glen, Section 5

            -      Northgate commercial development fiscal impact analysis, Suffolk, Virginia

            -     Bennett's Creek Quarter fiscal impact analysis, Suffolk, Virginia

            -         Fiscal impact study, Bridgewater Crossing/Liberty Landing, New Kent County,
                    Virginia
            -     Revenue impact study, The Lake District at Glen Allen, Hanover County, Virginia
            -     Fiscal impact study, The Towns at Pitchkettle Landing, Suffolk, Virginia

        -     Fiscal impact study, Mosaic on the Riverfront, Suffolk, Virginia

            -     Fiscal impact study, Midtown Row, Williamsburg, Virginia

              -     Fiscal impact assessment, Reserve at Williamsburg, York County, Virginia

            -         Fiscal impact study, Marquis Center, York County, Virginia

                -     Fiscal impact study, Oakland Pointe (affordable housing), James City County, Virginia

            -    Fiscal impact study, William Reid Apartments, Suffolk, Virginia

               -    Fiscal impact study, Ellis Farm (mixed use), Powhatan County, Virginia

            -     Fiscal impact study, residential addition to Benn's Grant, Isle of Wight County, Virginia
            -     Fiscal impact study, Pitt and Lippe residential development, Isle of Wight County, Virginia

            -     Fiscal impact and school impact assessment, master plan modification, Zion Town Center,
                   Louisa County, Virginia

            -    Fiscal impact study, Fenton Mill, York County, Virginia

            -    Fiscal impact study, The Reserve at Williamsburg, York County, Virginia

            -     Financial feasibility study, senior day care center, York County, Virginia

            -      Fiscal impact study, The Promenade at John Tyler, James City County, Virginia
            -      Fiscal impact study, White Marsh Estates, City of Suffolk, Virginia

            -     Fiscal impact study, Hilltop Terrace Apartments, Suffolk, Virginia

            -    Revenue and economic impact study, The Plaza at Jefferson, Newport News,
                      
Virginia

            -     Fiscal impact study, Kemps Village, Isle of Wight County, Virginia
            -      Fiscal impact study, Kemps Village, Suffolk, Virginia

           -       Acceptable Price Analysis for the potential purchase of property owned by the
                  client by a local government

           -     Fiscal impact study, Camp Parkway Commerce Center, Southampton County, Virginia

            -     Fiscal impact study, Smith Farm rezoning, York County, Virginia

            -     Fiscal impact study, Arbordale mixed residential development, York County, Virginia

            - Fiscal impact study, Linwood, Suffolk, Virginia

            -     Fiscal impact study seeking a proffer reduction for the development of Holland Meadows 
                  
Phase 2, Townof Windsor, Isle of Wight County, Virginia

            -         Fiscal impact study, Grassfield Manor, Chesapeake, Virginia   
            -        
Fiscal impact study, Centerville Commons, Chesapeake, Virginia

            -    Fiscal impact study, Meridian Assisted Living Home adaptive reuse,
                 York County, Virginia

            -     Fiscal impact study, Smith Farms Landing, Suffolk, Virginia

            -      Fiscal impact study, Tidewater Fair Downs townhouse development, Suffolk, Virgini

            -       Fiscal impact study, Harbour View Parcel 11, Suffolk, Virginia          

            -       Fiscal impact study, Mallory Pointe and Scott Farm, Town of Smithfield, Isle of Wight County,
                     Virginia
           
            -       Fiscal impact assessment Hillpoint Farms development plan modification, Suffolk, Virginia
                  
            -       Fiscal impact assessment, Burbage Grant active adult community, Suffolk, Virginia

            -     Fiscal impact study, Phoenix at Yorktown, York County, Virginia

            -     Fiscal impact study, Lightfoot mixed-use development, The York, York County, Virginia

            -     Fiscal impact study, Bulifants Senior Independent Living Apartments, York County, Virginia
            -      Fiscal impact study, Williamsburg Senior, York County, Virginia

            -    Fiscal impact study, Lexington Independent and Assisted Living Home
                 adaptive reuse, York County, Virginia

            -    Fiscal impact study, Whittaker's Mill, York County, Virginia
            -     Fiscal impact study, Legacy of Poquoson, City of Poquoson, Virginia
            -     Retreat at King's Creek, York County, Virginia

            -    Student generation rate study, New Town West, James City County, Virginia
            -    Fiscal impact study, New Town West, James City County, Virginia

            - Fiscal impact study, Yorktown Crescent, York County, Virginia

            -   Fiscal impact study, Riverfront Parcel 8B, Suffolk, Virginia  

            - Supplemental Memo to update Phoenix at Yorktown fiscal impact study for Harpers Station at
                Yorktown

            -         Fiscal impact study, The Crossings at Harbour View, Suffolk, Virginia
           -     Letter of support addressing fiscal impact, Harmony at Morning Woods, Cordova, Tennessee
                  for Memphis IL-AL Investors, LLC 

            -      Fiscal impact study, Nansemond River Golf Club residential development, Suffolk, Virginia

            -      Fiscal impact study, Riverfront Parcel 8B, Suffolk, Virginia

            -     Fiscal impact study, Tidewater Fair Downs, Suffolk, Virginia

            -         Fiscal impact study, The Crossings, Isle of Wight County, Virginia

            - Fiscal impact study and public-private partnership analysis, The Grange@10 Main,
                Smithfield, Virginia

            -         Fiscal impact study, Villas at Five Forks, James City County, Virginia

            -         Fiscal impact study, Lightfoot Marketplace , James City County, Virginia

            -      Commercial revenues report, fiscal impact study, 10-year pro-forma, comprehensive
                      business plan,  and capital investment and financing report, Westside Place, City of Norfolk,
                      Virginia

            -     Fiscal impact spreadsheet for James City County, Virginia, Forrest Heights

            -        Fiscal impact study, Pitchkettle 88 mixed-use development, Suffolk, Virginia

            -         Fiscal impact assessement, Retreat at Creekside, Suffolk, Virginia

            -         Fiscal impact study, expansion of Williamsburg Landing retirement community, James City                         County, Virginia

            -     Opinion letter for fiscal impact assessment and school impact analysis, Zion Town Center        
                    master plan modification, Louisa County, Virginia

 

               































 

Testimonials

“It has been great working with you as well on Portsmouth’s Virginia Enterprise Zone Application.  You are amazingly brilliant and most understanding about communicating on odd days and at off hours.   … I will keep you in mind for other activities … Again, thank you for a dynamic report and a most successful working relationship.”
Mallory C. Kahler, Development Manager, City of Portsmouth, Virginia

“I have had the pleasure of working with Ted Figura since the 1980’s during his service with the City of Newport News.  Mr. Figura combines an economist’s analytical approach with a detailed understanding of how economic development and redevelopment work in the Commonwealth of Virginia. Ted is thorough, credible and is a person of integrity.”
Neil Morgan, City Manager, City of Newport News, Virginia

"Ted Figura understands the current economic impact from the perspective of the Developer and of the review agencies involved. His skill in communicating our needs to the County, and their requirements to us, made it possible for University Square Associates to obtain the change of zoning in Isle of Wight County, VA. We literally could not have done it without him. We recommend him unreservedly."
Calvin Davis, President, The Commercial Group Inc., General Partner of University Square Associates, Williamsburg, Virginia

"Great job.  We really appreciate you taking on this assignment over the holidays with a short time-to-complete schedule.  And it is obvious that Arch's recommendation was on the mark...you are truly an expert in your arcane field of knowledge."

R. Morgan Burkett, President and CEO, Investel, Inc.


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Endorsements

Public Policy endorsement from David L. R. Shiver, Principal, BAE Urban Economics, Inc.

Economic Development, Public Policy and Report Writing endorsements from Mike Sexton, former Executive Director, Halifax County, VA Industrial Development Authority

Economic Development, Policy Analysis, Incentive Structuring, Incentive Agreement Negotiation, Development Agreements, Business Retention Program Development, Fiscal Analysis, Virginia Enterprise Zone Application Drafting endorsements from Jason Noah, Director of Business Development & Marketing, AES Consulting Engineers and former Business Development Coordinator, City of Newport News

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