Location

Bakersfield, CA

Est. Project Cost

$27.5 million

Public Financing

New Markets Tax Credit, City

Private Financing

Bank Financing

Type

Retail

Size

96,360 SF

Sponsor

Maya Cinemas

Closing Date

2009

Development of revitalization retail anchor

Ground up development designed to be the cornerstone of a downtown revitalization project leverage with significant public financing and support. Tax Credit financing funded construction cost as well as FF&E. Sponsor firm is a Hispanic owned and controlled entity.

Estimated Economic and Social Impact

125 jobs and over 50 construction jobs.