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CDFA Tax Increment Finance Update - February 23, 2016

Tax Increment Finance Update
February 23, 2016
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Tax Increment Finance Update

Features

Lexington, KY Surpasses Expectations Set in TIF Program
In Lexington, company and town officials agree Shire Pharmaceuticals is meeting and surpassing expectations for its public-private partnership, according to Wicked Local.

Merrillville, IN Supports Big Box Legislation for TIF Districts
Town leaders in Merrillville, IN support proposed state legislation that could prevent the assessed values of big-box stores from dropping dramatically, reports nwitimes.com.

How Has Controversial $200K Belleville TIF Fared for Ruler Foods?
After a controversial vote highlighted the division among city leaders of how TIF funds should be used in Belleville, the Belleville News-Democrat provides an update on how those funds are being used.

Do TIF Projects Decrease State Aid?
Municipalities tout TIF as one of a few tools available for development in Nebraska, but county and school officials have regularly criticized its use. The situation has led to proposed legislation that would give taxing entities the ability to opt out.

Bryan, TX City Council Supports New Zone to Inject Funds into District
As reported by The Eagle, most of the Bryan City Council members indicated their support for a new tax increment reinvestment zone that would be the first TIRZ to be used for redevelopment of an established area.

Brownstein Hyatt Farber Schreck's TIF Update
Brownstein Hyatt Farber Schreck, a national law firm based out of Denver, CO, has recently released their 2016 Tax Increment Finance (TIF) Update, detailing three issues likely to affect TIF over the next several months throughout the state.

Hotel, Office Complex Overlooking Market Square Nearly Complete
Tower Two Sixty in Pittsburgh is nearly complete after facing a number of challenges, among them a complex funding package that includes $8.6 million in tax increment financing, new markets tax credits and a $4 million state capital grant.

Join CDFA in Dallas, TX this April for the Live Intro Tax Increment Finance Course
April 27-28, 2016
Presented by the CDFA Texas Financing Roundtable, this year's Intro Tax Increment Finance Course will be held live in Dallas, TX. The two-day course offers an in-depth look at the guiding principles and appropriate application of TIF and targets the entire TIF community and its stakeholders.

Hiring: Vice President - CDFA
CDFA is seeking a motivated, well-organized and experienced individual to fill the position of Vice President. This senior level position is critical to the continued success of CDFA's education, advocacy, research, resources and networking efforts.

Upcoming Events
Intro Tax Increment Finance Course
Tax Increment Finance News

Architects to Build Office Topped by Apartments, With TIF Help
Lincoln Star | Feb. 22 | Tax Increment Finance (TIF)

Tax Increment Financing in Columbia, Missouri
Missourian | Feb. 22 | State Finance Program | Tax Increment Finance (TIF)

Florida Solid Waste Authority Awards $500K in Blight Grants
Renewable Energy From Waste Magazine | Feb. 19 | Redevelopment | Tax Increment Finance (TIF)

Belton, MO TIF Commission Grants $16M in Tax Breaks for Developer
Democrat Missourian | Feb. 18 | Tax Increment Finance (TIF)

Florida City, County Spar over CRA Payment
Citrus County Chronicle | Feb. 18 | Redevelopment | Tax Increment Finance (TIF)

Fort Lauderdale Streetcar Costs up $53M from Original Budget
Sun Sentinel | Feb. 18 | Infrastructure Finance | Local Finance Program | State Finance Program | Tax Increment Finance (TIF)

TIF Board OKs Tax Break for Market Basket
Wicked Local | Feb. 17 | Tax Increment Finance (TIF)

Savanna, IL Hopes TIF District Spurs Development
Prairie Advocate | Feb. 17 | Tax Increment Finance (TIF)

TIF Process Begins for North Platte Project
NP Telegraph | Feb. 17 | Tax Increment Finance (TIF)

Janesville's Entire Downtown Could Become a TIF District
GazettaXtra | Feb. 17 | Tax Increment Finance (TIF)

Possible New TIF for First National Center in Oklahoma City
WBEZ | Feb. 17 | Tax Credits | Tax Increment Finance (TIF)

Bismarck Incentives Challenged at Road Tax Meeting
The Bismarck Tribune | Feb. 17 | Tax Increment Finance (TIF)

Roofing Manufacturer to Move to Waco, Could Invest $20M
Waco Tribune | Feb. 17 | Incentives | Redevelopment | Tax Increment Finance (TIF)

Developer Seeks $15M in TIF; $10M in Other Tax Incentives
Webster-Kirkwood Times | Feb. 12 | Tax Increment Finance (TIF)

Boost Sought to Revive Downtown Momentum in Chillicothe
Chillicothe Gazette | Feb. 12 | Community Reinvestment Act (CRA) | Tax Increment Finance (TIF)

Rosemont Creates TIF District for Stadium, Hotel, Restaurants
Daily Herald | Feb. 11 | Local Finance Program | Tax Increment Finance (TIF)

Hartford Downtown Redevelopment Clears Another Hurdle
Greater Milwaukee Today | Feb. 11 | Local Finance Program | Tax Increment Finance (TIF)

Redevelopment Commission Gives Final Approval for TIF
Kokomo Tribune | Feb. 11 | Tax Increment Finance (TIF)

Lexington Developer Seeks TIF District to Help Pay for Sewers
Herald-Leader | Feb. 10 | Infrastructure Finance | Local Finance Program | Tax Increment Finance (TIF)

$2.5M Project Will Rehab Former Knapp's Warehouse
Lansing State Journal | Feb. 10 | Brownfield Financing | Redevelopment | Tax Increment Finance (TIF)

MO Auditor Announces Plans to Audit TIF Procedures
The Washington Times | Feb. 10 | State Finance Program | Tax Increment Finance (TIF)

TIF Fund Grants to Help East Bluff Residents Make Home Improvements
Journal Star | Feb. 10 | Tax Increment Finance (TIF)

Boutique Hotel Project in Kenosha Moving Forward
BizTimes | Feb. 10 | Community Development | Historic Preservation | Tax Increment Finance (TIF)



The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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