Gregory D. Soo-Hoo
Greg Soo-Hoo is a Senior Principal in Keyser Marston Associates’ Los Angeles office. Greg oversees all aspects of redevelopment financial services for Keyser Marston and has been a part of Keyser Marston since 1991, bringing 25 years of experience as a consultant to California redevelopment agencies. Prior to becoming a redevelopment consultant, Greg was with the budget division of the Chief Administrative Officer of the County of Los Angeles.
Key Role
Greg manages all aspects of redevelopment tax increment services for Keyser Marston clients. These services include Fiscal Consulting services associated with tax allocation bond financings, preparing long range projections of tax increment revenues and cash flow analyses, estimation of assessment appeal valuation and tax refund impacts, preparation of agency financial reports and redevelopment plan adoption and plan amendment financial feasibility studies. Greg is also experienced with local government finance having worked with the Los Angeles County Chief Administrative Office as a redevelopment and budget analyst.
Areas of Expertise
Fiscal Consultant Services
Greg has been a fiscal consultant assisting redevelopment agencies in the issuance of tax allocation financings totaling over $2.3 billion. He has managed a wide range of fiscal consulting services including the verification of redevelopment project area taxable values, review of historic valuation patterns, identification of major property owners, determination of assessment appeal impacts, and the projection of current and future year tax increment revenue flow. Mr. Soo-Hoo has also assisted bond underwriting teams in the preparation and review of bond offering documents and has been an active participant in presentations to bond insurance and bond rating agencies.
Financial Feasibility Studies
Mr. Soo-Hoo specializes in the preparation of financial and economic feasibility analyses required for the adoption or amendment of redevelopment project areas. The analyses typically consist of a multi-year comparison of tax increment and other revenue resources vis-à-vis anticipated capital improvement and redevelopment program costs. Economic feasibility models have been incorporated in all plan adoption or plan amendment Reports to Council prepared by Keyser Marston. On-going cash flow services have been provided to the various redevelopment agencies including Brea, Long Beach and Glendale.
Assessed Valuation Services
The assessed valuation services Mr. Soo-Hoo has provided to cities and redevelopment agencies include review of assessment appeal filings and an estimation of fiscal impacts to local taxing entities, parcel by parcel verification of base year and current year assessed values and the identification of misallocation of annual tax revenues. The assessment appeal analyses have also been supplemented with estimations of site-specific values to project the likelihood of future reductions in assessed values due to appeals.
Financial Reporting
Mr. Soo-Hoo has assisted agencies in the preparation of annual disclosure reports required to bond rating agencies on agency valuation impacts and changes. Mr. Soo-Hoo has also assisted redevelopment agencies with compliance reports required under State law.
Professional Credentials
Mr. Soo-Hoo has conducted Redevelopment Institute financial training courses sponsored by the California Redevelopment Association and UCLA Extension program.
He is a graduate cum laude of the University of Southern California and holds a master’s degree in public administration, with a specialization in public finance.