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CONTACT BWC ConsultingThe Towne Center at SoulsvilleUSAThe Towne Center at SoulsvilleUSA is the first lifestyle center inside the City of Memphis and the first capital project in which developers used 80% minority participation, with businesses in the community. The Towne Center opened in the winter of 2010. Once fully operational, it will create 179 new jobs, of which 52 percent will be white collar professional and/or management level positions. The Towne Center project was lead by the LeMoyne-Owen College Community Development Corporation with BWC Consulting as the financial advisor. BWC finalized the $12 million structured layered financing including: private loans, New Markets Tax Credit (NMTC), federal appropriations, grants, and local public subsidies from the City and County.
CLICK HERE TO VIEW THE ARTICLE ABOUT THE TOWNE CENTER By only partnering with those who embraced this concept of "people", who prioritized human capital, and believed that people can take care of themselves and their families, our client was afforded the unparalleled ability to create jobs and opportunities that would lead to wealth creation. The Goodwill, the intangible of pride and enthusiasm the residents and stakeholders exude has made this the fulcrum of the community's redevelopment and revitalization. Hence the social impact where we have created a sense of place for people to truly live, work and play. Bennett College for WomenAs a financial advisor to Bennett College for Women in Greensboro, NC, BWC completed a modification of the College’s debt, unencumbering $30 million in physical assets and revenues. This allowed the College to plan and borrow for the construction of several new campus buildings include a global living and learning center, a new honors dormitory, a wellness center and a children’s center. BWC advised the college through the HBCU Capital Financing Program process completing a $21 million loan for capital improvements. The project used a high percentage of local and minority contractors creating __ new construction jobs. The economic impact of these campus improvements on the surrounding community is substantial as the College positions itself for future growth, competitiveness and sustainability.
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© 2010 BWC Consulting
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