The TIRZ will allow the city to take tax revenue generated in Jersey Village Crossing and place it into a separate fund that can be used for structural improvements and enhanced infrastructure in that area. It will exist for a period of 30 years.

Decisions about extending a One Big Sky Center deadline and $3.5 million in requested Tax Increment Financing money for the expansion and repair of the Alberta Bair Theater will be the council's final two business items at the next meeting.

The Bridgeport Visitor Center at Charles Pointe is an anomaly at the TIF district development, as it isn't assessed property tax due to its being a government building. However some experts feel that it may add to the other Charles Pointe business enough to offset TIF losses.

The ambitious project will cost an estimated $542 million, but its property valuation upon completion is expected to be just $250 million. That difference prompted Stark Enterprises to propose tax increment financing (TIF) that would allow it to use future property tax payments to repay construction debt and help close the financing gap.

The city of New Hope will contribute $6.574 million in tax increment financing to the $43 million project. New Hope is 98 percent built out and has seen primarily single-family housing built in recent years. The project calls for 183 market-rate units.

A STAR Bond is a tax increment financing program which allows city governments in Kansas to issue special revenue bonds that are repaid by all of the revenues received by the city or county from incremental increases in taxes within the designated portion of the city's "sales tax and revenue" (STAR) Bond district. Kansas Legislative Research Department answers other key aspects of a STAR bond.

Gary Brooks thinks he is facing a complicated financing structure for redeveloping First National Center into a hotel, housing, retail and parking. It's a big deal with a price-tag of $230 million and involves a mix of tax credits and tax increment financing.

"This is the first time in the history of the state of Colorado that bonds will be issued, that are being paid from state sales tax increment funds.  Pueblo is leading the way for all the RTA projects in the state," explained Don Banner, with the Pueblo Urban Renewal Authority.

The $8M project is supported by $500,000 in Wisconsin Economic Development Corp. tax credits, $450,000 in tax increment financing from Sturtevant and a $200,000 forgivable loan.

The St. Paul Port Authority is seeking about $1 million in tax-increment financing from the city to help pay for environmental cleanup at the site of the future Minnesota United FC stadium.

CDFA Brownfields Financing Webinar: Hazardous to Healthy: Financing Solutions for Recovering Brownfields
August 31, 2017 - 2:00 - 3:30 PM Eastern

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