In this episode, we return to the Southland Development Authority's "TIF Talk" training series for a deep dive into the financial and practical implementation of economic development deals. Hosted by the Village of Hazel Crest, this session features Ancel Glink's David Silverman, Michio Murakishi (Meech Group), and Terri Cox (Matanky Realty Group).

Building on the structural overview provided in Quorum Forum 97: Anatomy of a Redevelopment Agreement, the panel explores how municipalities can use RDAs to bridge financial gaps and ensure projects are feasible for developers while protecting the public interest.

Highlights:

• The Math of Incentives: Understanding Internal Rate of Return (IRR), yield on cost, and how consultants use gap analysis to size incentives.
• The "But For" Test: A look at the legal and financial necessity of incentives, and the idea that a project would not happen "but for" the public assistance.
• Net Public Benefit: How to measure the "dividend" of a public investment through tax base growth, job creation, and revitalized storefronts.
• Case Studies from the Trenches: Terri Cox shares lessons from the Bishop Classic project in Chicago and a $5 million car wash development on Dixie Highway in Harvey.
• Performance-Based Protections: The importance of clawback provisions, reimbursement schedules, and why the public sector should generally avoid being a landlord.

Department of Public Works:

• Illinois Township Attorneys Association Seminar: Join Katie Nagy and other Ancel Glink attorneys on May 15, 2026, for sessions on First Amendment audits and board meeting best practices.

Resources:

Quorum Forum 97: Anatomy of a Redevelopment Agreement (Part 1)

Terri Cox Profile: Matanky Realty Group

Michio Murakishi Profile: Meech Group

Credits:

§ Chair: Daniel J. Bolin

§ Featured Guests: David Silverman (Ancel Glink), Michio Murakishi (Meech Group), and Terri Cox (Matanky Realty Group)

§ Producer: Daniel J. Bolin

§ Executive Producer: Keri-Lyn Krafthefer

§ Engineers: Ricardo Perez and Matt Smith

Disclaimer: This podcast is provided as a service to our public and private sector clients and friends. It is intended to provide timely general information of interest, but should not be considered a substitute for legal advice.