Press Release (ePRNews.com) - ORLANDO, Fla. - Jan 10, 2017 - The Industrial Development Board of the City of Bristol, Tennessee retained GAI Consultants’ (GAI) Community Solutions Group (CSG) to conduct estimates of potential sales tax revenue generated by the Pinnacle Shopping Center project. In late 2016, the firm’s revenue estimates resulted in the sale of bonds valued at $120,600,400.
• The Pinnacle project is the latest in a long line of similar assignments that GAI Consultants’ professionals have conducted since 2000, resulting in over $1 Billion in bond sales to date.
• The Pinnacle Shopping Center is a 250 acre multi-use retail and entertainment center located in Bristol, Tennessee.
• David Darsey, Senior Director of Economic and Real Estate Advisory Services, served as GAI’s Project Manager on the Pinnacle Shopping Center project.
• David Darsey, Senior Director, Economic and Real Estate Advisory Services, GAI Consultants:
“GAI’s estimates of taxable sales and applicable sales tax revenue generated by the project are an integral part of bond analysis. Not only are GAI’s estimates used by the underwriter to determine the size of the ultimate bond issue, they give prospective bond buyers confidence that a qualified third-party has analyzed the project and provided estimates independent of the developer. Over the years, the financing community has relied significantly on GAI’s documents due to our consistent track record of providing estimates that are very close to actual results.”
About GAI Consultants: Transforming ideas into reality® since 1958, GAI is an employee-owned engineering, planning, and environmental consulting firm providing local expertise to worldwide clients in the energy, transportation, development, government, and industrial markets.
About Community Solutions Group: Experienced People, Open Minds, Fresh Ideas. GAI’s Community Solutions Group integrates landscape architecture, urban planning, economics, and finance in an idea-driven strategic consulting practice committed to enhancing community in ways that are practical, sustainable, and authentic to the people we serve while being politically aware, financially feasible, and aesthetically compelling.
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