11.137/11.437 Financing Economic Development
Fall 2013
Instructor: Karl Seidman
TA: Ying Gao
Lecture: MW9.30-11 (9-450A)
Announcements
Course Evaluation
Hi Class,
Please complete the course evaluation is for 11.437. You can access it at http://web.mit.edu/subjectevaluation.
As of last Thursday, only one evaluation was completed. All evaluations must be doe before 9 AM on Monday December 9.
Karl
Please complete the course evaluation is for 11.437. You can access it at http://web.mit.edu/subjectevaluation.
As of last Thursday, only one evaluation was completed. All evaluations must be doe before 9 AM on Monday December 9.
Karl
Announced on 09 December 2013 8:53 a.m. by Karl Seidman
Municipal Finance Worksheet
Hi Class,
I have posted the Municipal Finance Worksheet for the Orlando TIF Case under the materials for the Monday, December 9th class.
This will not be a required assignment but optional for extra credit for those who want to work on the calcuations to structure a TIF serial bond. We will be discussing the worksheet and case in class on Monday.
Karl
I have posted the Municipal Finance Worksheet for the Orlando TIF Case under the materials for the Monday, December 9th class.
This will not be a required assignment but optional for extra credit for those who want to work on the calcuations to structure a TIF serial bond. We will be discussing the worksheet and case in class on Monday.
Karl
Announced on 04 December 2013 9:37 p.m. by Karl Seidman
Base Case Slides
The slides on the Manufacturers' Fund Case from
today's class are posted on the class stellar site under
materials for the 11/27 class.
Karl
Karl
Announced on 04 December 2013 11:18 a.m. by Karl Seidman
Manufactuer's Fund and Wednesday Readings
Hi Class,
Per today's class, the Manufactuer's Fund Case assignment is due this Friday , December 6th at 5 PM.
The base case model before any transaction should be done by class on Wednesday and we will review it in class.
In terms of solving for the the maximum amound of loan closing disburseemnts (i.e., new loans) , use the Excel goal seek function.
This function is found under the data menu and what if analysis tab. Click on goal seek and you will get a dialogue box with three items to complete:
"set cell" --enter the cell address for the cash line on the balance
"to value" --enter $650,000 --the minimum cash balance constraint
"by changing cell" --enter the cell address for new loan closing disbursements
You will need to do this seperately for each of the three years in the financial projections (FY2001, FY2002, FY2003 model
For this Wednesday's class, please read all of Chapter 15 in Economic Development Finance--this will provide an introduction to TIF Financing which we'll discuss on Wednesday.
Karl
Karl
Per today's class, the Manufactuer's Fund Case assignment is due this Friday , December 6th at 5 PM.
The base case model before any transaction should be done by class on Wednesday and we will review it in class.
In terms of solving for the the maximum amound of loan closing disburseemnts (i.e., new loans) , use the Excel goal seek function.
This function is found under the data menu and what if analysis tab. Click on goal seek and you will get a dialogue box with three items to complete:
"set cell" --enter the cell address for the cash line on the balance
"to value" --enter $650,000 --the minimum cash balance constraint
"by changing cell" --enter the cell address for new loan closing disbursements
You will need to do this seperately for each of the three years in the financial projections (FY2001, FY2002, FY2003 model
For this Wednesday's class, please read all of Chapter 15 in Economic Development Finance--this will provide an introduction to TIF Financing which we'll discuss on Wednesday.
Karl
Karl
Announced on 02 December 2013 11:16 a.m. by Karl Seidman
Schedule for Project Presentations
11/27/2013
Creative Alliance of New Orleans: 9: 05 to 9: 9:40 (with Q&A)
Connecticut Clean Energy Finance: 9: 40: TO 10:15 (with Q&A)
Broadmoor Development Corporation 10: 15: 10: 50 (with Q&A)
12/2/2013
Broad Community Connections: 9: 05 to 9: 9:40 (with Q&A)
New Orleans Redevelopment Authority: 9: 40: TO 10:15 (with Q&A)
Lotus Impact : 10: 15: 10: 50 (with Q&A)
Creative Alliance of New Orleans: 9: 05 to 9: 9:40 (with Q&A)
Connecticut Clean Energy Finance: 9: 40: TO 10:15 (with Q&A)
Broadmoor Development Corporation 10: 15: 10: 50 (with Q&A)
12/2/2013
Broad Community Connections: 9: 05 to 9: 9:40 (with Q&A)
New Orleans Redevelopment Authority: 9: 40: TO 10:15 (with Q&A)
Lotus Impact : 10: 15: 10: 50 (with Q&A)
Announced on 25 November 2013 9:19 a.m. by Karl Seidman
