Tag Archives: Destiny USA

Destiny USA Reaches the Green Bonds Finish Line

I apologize for the recent hiatus here at Green Building Law Update.  If you want to see what I have been up to, check out ClaimKit (www.claimkit.com).  Now, on to green building legal news. You may recall that in 2011, I published many, many articles on the Destiny USA project.  Here’s a quick summary of the Destiny USA … Continue Reading

Maybe We Should Rethink LEED Laws

For much of 2011, my focus has been the Destiny USA project.  This should not come as a surprise to readers who waded through my thirteen posts on the topic.  I had planned to not write about the Destiny USA project again.  But then I came across a press release while I was at Greenbuild:  Destiny USA in Syracuse … Continue Reading

Could Solyndra Happen To Green Building Policy?

Of course it could — it already has.  But first lets recap the Solyndra saga.  Solyndra is the solar panel manufacturer in California that qualified for a $535 million federally-backed loan.  Since receiving the loan, the price of solar panels has plummeted – good news – which has squeezed the margins of manufacturers like Solyndra.  … Continue Reading

IRS To Audit Destiny USA’s Green Bonds

Yesterday was tax day.  A few unlucky souls will face the prospect of an audit in the coming months.  But for the Destiny USA project, the IRS has already announced an audit of the project’s $228 million Green Bonds.   If you need background on the Destiny USA story, I would suggest you review the e-book I … Continue Reading

Caught in the Middle: Tax Implications of an Adverse Green Bonds Ruling

The following post is written by Kirk Dryer, a law student at the University of Missouri.  Kirk is also the first Green Building Law Update intern.  His assistance researching the Destiny USA matter was priceless.  Below, Kirk explains the tax implications of an adverse ruling in the Destiny USA dispute.  If you want to read more on … Continue Reading

Did the USGBC Purchase Destiny USA Green Bonds?

I am wrapping up my discussion of the Destiny USA project this week with one final post.  You can select the Destiny USA tag to review all of the previously published posts on this topic.  I will also be publishing a compendium of posts on the topic — plus bonus coverage — later this week.  Thank … Continue Reading

The Destiny USA Debacle: May It Please the IRS

I am publishing a series of posts on the Destiny USA Debacle — the federally sponsored Green Bonds project that has failed to incorporate promised green building features.  To read all of the posts at once, you can download a PDF version now.  Or you can select the Destiny USA tag to review all of … Continue Reading

The Destiny USA Debacle: Destined for Trouble

I am publishing a series of posts on the Destiny USA Debacle — the federally sponsored Green Bonds project that has failed to incorporate promised green building features.  To read all of the posts at once, select the Destiny USA tag.  We have now set the scene for the Destiny USA debacle.  The key players … Continue Reading

The Destiny USA Debacle: Why the IRS is the Key Player

I am publishing a series of posts on the Destiny USA Debacle — the federally sponsored Green Bonds project that has failed to incorporate promised green building features.  To read all of the posts, you can select the Destiny USA tag to review all of the published posts on this topic.  Or check back later … Continue Reading

The Destiny USA Debacle: What is Destiny USA?

I am publishing a series of posts on the Destiny USA Debacle — the federally-sponsored Green Bonds project that has failed to incorporate promised green building features.  To read all of the posts at once, you can select the Destiny USA tag.   In this post, I planned to describe the proposed Destiny USA project … Continue Reading

Unprecedented Green Building Dispute Could Cost Developer $122.3 million

Up until yesterday, the biggest green building dispute I had come across was Shaw Development v. Southern Builders.  That case involved $635,000 in damages because a project did not obtain the LEED certification necessary to qualify for state tax credits.   That is chump change compared to the Destiny USA green building dispute that is … Continue Reading
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