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Posted: December 22, 2014
Paul Becht, Baker Tilly
What was your most notable project, deal, transaction or personal achievement in 2014?
Baker Tilly was engaged to provide structured finance advisory services to a team of developers working in public-private collaboration with the Port Authority to bridge a financing gap in the $180 million redevelopment of the George Washington Bridge Bus Station facility. With other funding sources secured, including a $72 million EB-5 direct loan, Baker Tilly sourced and secured a $19.5 million allocation of New Markets Tax Credits to move the project forward.
The project is expected to result in 324 direct job-years and direct payroll wages of $19 million. It will generate $31.7 million in total regional economic activity.
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