Urban Marketplace 2003

Wednesday, March 19, 2003

7:30 a.m. to 1 p.m.

Los Angeles Convention Center

1201 S. Figueroa St.

Downtown Los Angeles (next to Staples Center)

"Urban Marketplace 2003" will be highlighted by a case study of Conjunctive Points, the formerly dormant 18-acre industrial property known as the Hayden Tract that straddles the Los Angeles/Culver City line. Developers and self-described urbanists Frederick and Laurie Samitaur Smith have transformed the property with a vision to establish a creative, working community of people from the worlds of art, science and entertainment.

Conjunctive Points is the type of project that could benefit from the New Market Tax Credit, a newly introduced $15 billion federal program established to encourage investment in distressed communities. Tony Brown, director of the U.S. Treasury's Community Development Financial Institutions Fund, will be at Urban Marketplace 2003 to discuss the New Market Tax Credit and how investors can use it to spur development of underserved communities.

The New Market Tax Credit offers taxpayers the chance to receive a credit against federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs). Substantially all of the qualified equity investment must in turn be used by the CDE to provide investments in low-income communities.

Exhibitors, sponsors and 25 roundtable discussions add to the energy of connections that is created when like-minded individuals and organizations assemble in a place conducive to the exchange of ideas, dreams, dollars and phone numbers.

Also on the program is a keynote address from California Treasurer Phil Angelides, who will discuss the state of urban development in California and the importance of investment in the state's inner cities. Angelides also will discuss how the state budget situation will affect the state's ability to support urban development and provide financial assistance.

Cost is $25 per person in advance. Pre-registration deadline is March 10, 2003. On-site registration is $35.

Related Link: Urban Land Institute (ULI) Los Angeles

For more information contact:

Christopher Keough
Urban Land Institute Los Angeles
444 S. Flower St., Suite 1300
Los Angeles
CA 90078
USA

Phone: 888.625.5440
Fax: 213.438.1764
Email: [email protected]