The North/Northeast Community Development Initiative Action Plan intends to target the same neighborhoods as the old Interstate Corridor urban renewal area with its remaining $32 million in TIF funds.

A $120 million Western Gateway tax increment financing district that will allow work to start on the Wheeler development along the Oklahoma River is set to be voted on later this month by the city's planning commission and city council.

Boone County's three-year battle to prevent the City of Columbia from proposing any new tax increment financing districts will end after a state appeals court on Tuesday reversed a previous circuit court ruling and ordered the lawsuit to be dismissed.

Members of the City Council want more information about the use of tax incremental financing districts, or TIFs, before they consider any more city assistance for development projects.

SB 27 requires a public hearing before TIF funds can be spent and an annual report be completed by the local government detailing the financial activities of TIF districts. The report also must describe the public purpose of TIF expenditures and how those expenditures will increase the district's tax base.

The Louisville Arena Authority will lobby the Kentucky General Assemble hard next month for a restructuring of tax increment financing legislation that would allow the KFC Yum Center's TIF agreement to extend 30 years.

Developers for the Brookridge project in Overland Park sidestepped another potential obstacle on Wednesday when the Shawnee Mission school board chose not to block the development's potential use of tax increment financing.

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