joint developments

WIN-WIN ARRANGEMENTS THAT SPUR ECONOMIC GROWTH

ROOKER has developed a successful formula for helping state authorites and agencies build industrial business parks that help draw brokers and economic developers to their areas – all without the need for the authority to raise funds for the project.

Under this formula, the Joint Development Authority shares in the financial gain of the partnership if the building is leased by a certain date from substantial completion. This financial proposal is very attractive, because it allows the Joint Development Authority to share in the financial upside without sharing the downside financial exposure with the development partner.

To summarize the advantages of the ROOKER proposal to state agencies:

1. The inflow of funds to purchase land for use in development.
2. The construction of a speculative building to attract industry.
3. The opportunity to share in potential profits from the development.
4. A long-term relationship with a developer with the financial resources and experience to develop a business park to its fullest potential.