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CDFA Tax Increment Finance Update - June 14, 2016

Tax Increment Finance Update
June 14, 2016
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Tax Increment Finance Update

Features

Madison, WI and District Craft Deal to Keep School Funds
In a move that city and school officials say has never been done before, the City of Madison, WI agreed this week to lend almost $9.3 million to the Madison School District while the city keeps its TIF district in downtown open until the early 2020s, according to the Milwaukee Journal Sentinel.

Improving TIF Transparency and Accountability in Michigan
This report form Michigan State University seeks to contribute to the current policy discussion on TIF reform by developing the blueprint for a comprehensive, state-level database on the scale, scope and structure of TIF activities in Michigan.

Talcott Seeks TIF Funds for West Bank Landing in Great Falls, MT
Talcott's West Bank Landing LLC has submitted an application to be reimbursed for up to $2.6 million in eligible TIF expenses to develop phase 1 and 2 of the West Bank Landing project, according to Great Falls Tribune.

School District Supports Proposed TIF in Exchange for Share of Revenue
According to the Bellville News-Democrat, a preliminary agreement between Collinsville Unit 10 School District and the City of Bellville, IL states that the district will receive money for job training and other select projects in exchange for its support of a new tax increment financing district. If the new TIF district is created, Unit 10 would receive 42 percent of its annual incremental property tax revenue each year during the lifetime of the TIF.

Knoxville, TN Uses Third Party to Review City TIF Projects
Knoxville's Community Development Corp., the city's redevelopment agency, has prudently decided to get a third party to review projects by developers seeking tax-increment financing assistance from the city, reports the Knoxville News Sentinel.

TIF Discussed as Possible Tool for Beach Redevelopment in Salisbury, MA
Tax increment financing is being discussed by the Salisbury Beach Partnership as a tool that might help redevelop the Salibsury Beach Center, reports the Daily News.

Developer May Seek TIF for Fort Collins, CO Project
The owner of 60,000 sq ft of commercial space at Fort Collins' Block 23 may seek tax increment financing through the Downtown Development Authority for a mixed-use redevelopment project, reports the Coloradoan.

Drexel Theatre Could Get Help From TIF in Bexley, OH
Entering the final phase of its $2.5 million renovation, Bexley City Council is scheduled to vote on a tax-increment financing proposal to provide public infrastructure improvements for the Drexel Theatre, according to This Weeks News.

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Tax Increment Finance News

Florence, SC City Council Moves Forward with TIF District Extension
scnow.com | Jun. 14 | Tax Increment Finance (TIF)

City of Madison, Beitler Real Estate Services Near Tentative Deal
Wisconsin State Journal | Jun. 13 | Tax Increment Finance (TIF)

Village of Oswego, IL Moves Forward in Creation of a TIF District
WSPY News | Jun. 9 | Tax Increment Finance (TIF) | Local Finance Program

Northland Costco Will Begin Construction in August and Open Next Spring
Kansas City Star | Jun. 9 | Tax Increment Finance (TIF)

Advisory Panel Approves TIF Funds for Salvation Army to Move Outside the District 
The State Journal-Register | Jun. 3 | Tax Increment Finance (TIF)

Ordinance to Create Special Improvement District in Caldwell, NJ Tabled
TAP into | Jun. 2 | Local Finance Program | 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
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Columbus, OH 43215
(614) 705-1300
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