Economic Development Program
Creative Structured Financing Solutions

• Synthetic leasing (off-balance sheet financing) – allows publicly traded companies, or constituent units of government, to strengthen their balance sheets and financial ratios
• Capital operating and synthetic lease options available with renewable options/ balloon payments
• DWCPA is tax-exempt from real and personal property – up front cost savings for materials on new construction projects
• DWCPA can enter into contracts as lessee or lessor
• Rates can be tied very closely to debt service, preventing typical developer “mark up”
• Client maintains control of construction decisions and operations
• 100% debt financed
• Possible for the “private partner” to capture depreciation through the asset

Streamlined Approval Process

• Immediate Issuance of bonds - no voter approval required (payable solely by revenues)
• Quick and “more corporate” decision-making

Unlimited Capacity

• Not a debt of any constituent unit (City of Detroit, Wayne County), nor a pledge of credit
• Help corporations incorporate favorable financial ratios, maintain good credit, borrowing capacities