Financing and Developing Publicly-Owned Properties
For years, corporations have taken advantage of sale-leaseback and other forms of credit-backed financing to free up their balance sheets, while the general concept has remained a novel idea for municipalities. Throughout the U.S., budget shortfalls due to ever-increasing pension and healthcare costs coupled with declining tax revenues have eroded the ability of governments to maintain services and pursue community development.
Historically, communities have utilized bond financing to construct government buildings and to fund infrastructure projects. Deteriorating economic conditions, voter discontent and other issues have often stalled proposed projects. WRC can provide both public and private alternatives enabling projects to proceed via credit-backed and credit lease financing structures on a timely and cost-effective basis.