YA owned a historical landmark building in the heart of Norwich, CT. The site was improved with two 19 century buildings that were prominent downtown anchors since 1868. The client wanted to redevelop the existing buildings into a 42 unit, 5 story multi-family building with a fitness center, game room, recreational space and more.

— He needed city approval and funding

To redevelop his property, he needed to overcome two hurdles:

• He needed to secure the city’s approval to redevelop this historical landmark
• The funds that he had didn’t cover the project costs

YA knew the ins and outs of the city approvals and incentive programs. He just needed a fresh set of eyes to help him solidify the financial model to identify how much money he was short. And he needed someone to summarize his request for government incentives and approval in a presentation for the city.

— We analyzed and created the presentation

In order to help our client - we took the following steps:

• We ran a full analysis of the project and where it was holding with the client
• We developed a financial model clearly outlining the potential funding sources and how much funds would be needed for this project to work out successfully
• We put together a presentation for the city to get their commitment for approval and incentive programs/credits.

— Approval and 100% credit support from the city

Through the comprehensive financial model and final presentation, the city unanimously agreed to not only approve the project - but to allow 100% in redevelopment credits to the client!

Which allowed our client to redevelop this historical building - free of charge.

All in all — Model and Presentation + Approvals + 100% Credits