ECON partners is a full service, economic
development consulting firm that specializes in:
Public funding strategies – Delivering gap funding and financing for public and private development projects.
Public/private partnerships – Structuring public/private partnerships that are necessary to transform underutilized properties into vibrant, income and job producing neighborhood assets.
Brownfield and transit-oriented development – Repositioning underutilized properties for successful development, including brownfields, transit-oriented real estate, underdeveloped sites and historic structures.
Government relations – Engaging public officials as ambassadors for and champions of project-specific economic development efforts.
We are a woman-owned firm based out of Philadelphia,
Pennsylvania with national experience and capabilities.
President of ECON partners, Coleen Terry has spent more than 18 years designing and implementing highly successful strategies for complex development projects. Her career has been focused on removing barriers to community development and redevelopment, with a strong concentration in the repurposing of underutilized sites and brownfields.
Coleen has worked on projects with public and private sector clients throughout the country, with particularly strong experience throughout the Mid-Atlantic’s urban cores. Clients have included BPG Properties, Forest City Enterprises, Buccini Pollin Group, The Greenbrier, Philadelphia Zoo, Swarthmore College, Centre Area Transportation Authority (CATA), Cranberry Township, Susquehanna Township, the Susquehanna Area Regional Airport Authority (SARAA) and many more.
Her efforts have delivered over $300 Million of public funding to projects in the last decade, including over $47 Million in state funding for the Philadelphia Union Soccer Stadium on the Chester waterfront.
Ms. Terry, on behalf of the private developer, and in close coordination with
the Chester Redevelopment Authority, was responsible for leading and managing
the direct effort to secure over $47.5 M in state grant funding for the
construction of the MLS Philadelphia Union’s new
soccer stadium on the waterfront in the City of Chester, Delaware County, PA.
The funding strategy was a complex undertaking that required coordinating the
efforts and contributions of multiple public and private partners that included
the Commonwealth of Pennsylvania, Delaware County, the Delaware River Port
Authority, PECO Energy, the Philadelphia Union and its investors, developer
Buccini Pollin Group, and other affiliated partners.
The end result was structuring the delivery of a significant amount of
public grant funding for project costs that included open water mitigation;
brownfield remediation; placement of infrastructure; highway and rail
improvements; and stadium construction.
Managing the funding process involved providing for required matching funds
without duplication, and aligning the delivery of public funds to the project in
order to meet stringent construction deadlines.
The end result is an award-winning stadium completed in 2010 that stands
as the catalyst to what is anticipated to be a riverfront renaissance for the
City of Chester.