Tustin, California

The District

DTA initially prepared a Public Facilities Financing Plan (“PFFP”) for the City of Tustin that determined the financing capacity of the 1,600-acre Tustin Marine Corps Air Station that was being annexed to the City. This development, at buildout, is projected to include the construction of over 4,000 new dwelling units and approximately nine million square feet of commercial/industrial buildings. DTA’s analysis included both CFD financing and redevelopment agency tax increment financing, both of which are being used to fund infrastructure within the project site. DTA has established three CFDs for the project, all of which have had successful bond sales totaling approximately $90 million. These CFDs funded a variety of public improvements for two large residential developments and The District at Tustin Legacy, an open-air lifestyle and entertainment shopping center.