Firm Supports Half Moon Bay’s Successful Financing for Corporation Yard Project
May 30, 2021In 2021, SMW attorneys assisted the City of Half Moon Bay with successfully securing more than $3 million in financing from California’s Infrastructure and Economic Development Bank (IBank). The lease-leaseback transaction allows the City to realize significant annual savings on lease costs. The financing allows the City to acquire land for its Corporation Yard, and modernize existing improvements for City use.