Missoula County Public Schools may receive unexpected funding to add to their budgets after the Missoula Redevelopment Agency agreed to share tax revenue that had been collected to help blighted areas with the schools, city and county. MCPS could receive more than $1 million of property tax money collected from the Tax Increment Financing (TIF) districts.

The Village of Forsyth Board of Trustees approved a TIF grant program to fund exterior improvements to businesses. The new program allows businesses within the TIF district to receive matching grants up to $10,000 for improvements to exteriors, facades, attached signs, lighting, landscaping and other features, according to a new release

The next step in the process of redeveloping the area around a shopping center on the north side of Beaver Dam was approved by the Common Council. A new tax increment financing district covers most of the Heritage Village Mall and the empty properties around it. The district will allow the city to offer incentives such as grants or loans to developers to try to attract them to the area.

The Atlanta BeltLine Redevelopment Plan initially projected that funding through seven bond issuances from a tax allocation district set up in 2005 would raise $240 million for affordable housing by 2030. Unfortunately for the BeltLine, the economy tanked a few years after the creation of its tax allocation district, and to date, only two bonds have been issued, raising $25 million.

It's been about two years since the Highland Strip TIF was first created by local development officials to improve public infrastructure in the area surrounding the University of Memphis. Now with the necessary funds in place, the first public enhancements from the Highland Strip TIF are scheduled to begin soon at the intersection of Highland Avenue and Walker Street.

City Council approved a tax incentive program to help clear the way for redevelopment of a downtown Cleveland eyesore. Council, at the request of Mayor Frank Jackson's administration, approved a tax increment financing package that will support a $78-million makeover for the long-empty John Hartness Brown complex on Euclid Avenue. 

Rochester, NY and the developer of The Ridge Marketplace have reached an agreement in which the city will bond another $2.43 million to aid the construction of the Exit 15 plaza's second phase. The agreement between the city and developer Waterstone Retail brings the city's total bonded amount to $7.43 million.

The Fort Wayne, IN Redevelopment Commission has approved the creation of a new tax increment financing district for the area encompassing the $220 million Electric Works redevelopment project. The new tax increment financing district could be used to fund $7.1 million in public improvements needed to support the development.

Intro Brownfields Finance WebCourse
September 26-27, 2018 - Daily: 12:00 - 5:00 pm Eastern

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