Pueblo CO Steel Mill

Working on a $725M expansion and reinvestment in its steel manufacturing facility with the State of Colorado, the City of Pueblo, and the County of Pueblo, EVRAZ North America contracted with Strae to advise on the $100M tax increment financing component of the public assistance package. Strae advised the EVRAZ team on various elements of the agreements necessary to consummate the public finance assistance, as well as coordinated with the Pueblo Urban Renewal Authority (PURA) and its financial advisor to refine tax increment projections in preparation for PURA to issue bonds backed by the tax increment generated from the project.  In early 2021, PURA issued $91.1M of bonds generating approximately $70M of funding for the project.