About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA Tax Increment Finance Update - February 22, 2022

Having trouble viewing this newsletter? View it online.
Tax Increment Finance Update
February 22, 2022
Subscribe
View Archives
Tax Increment Finance Update

Features

Wichita, KS Tags Up to $7.8M to Help Redevelop Toxic Former Refinery Site
Wichita has approved a new tax district that will provide between $6 million and $7.8 million to help two prominent Wichita businessmen redevelop a heavily polluted former oil refinery site. The money from the city will help finance a 1 million-square-foot complex of warehouse, manufacturing, office, and retail space at the 115-acre site of the abandoned refinery.

Milwaukee, WI Traffic Safety Projects to Receive $8.5M in TIF Funds
A total of $8.5 million in property tax revenue from four tax incremental (TIF) districts would be allocated to fund traffic calming and safety improvements including protected bike lanes, curb bump-outs, narrower travel lanes, high-impact paving, and new pedestrian infrastructure.

Tank Removal Signals TIF Progress in Thiensville, WI
The village of Thiensville took a step forward with its plans for the Thiensville Crossing tax incremental district. Contractors removed four underground fuel tanks from the former Mobil gas station. Thiensville Crossing, the village's new development district, is comprised of 15 acres. It will include new retail spaces, multifamily housing, public amenities and green space.

Downtown Billings, MT Will See From-the-Ground-Up Apartment Building Construction
A new $11.4 million, 36-unit apartment complex known as Old Town Flats will be built on the site with the possibility of a second identical building going up if demand is strong. The council unanimously approved the developer's application for $1.7 million in tax increment finance funding from the Downtown TIF District.

Nebraska Bill Looks to Add Vacant Lots, Raise Valuations Target to ‘MicroTIF' Law
Proposed adjustments to "microTIF" property tax incentive program should help more people and towns make use of it. Legislative Bill 1065 would extend the program to long-existing vacant lots, specifically limit microTIF to older neighborhoods and raise its maximum target valuations for homes or business buildings rehabilitated or replaced for the incentives.

New Council Members in Kansas Get Crash Course in STAR Bonds
The state's STAR Bond Act allows the use of incremental sales tax revenues – the difference between predevelopment base sales taxes and the increase in sales taxes following new construction/redevelopment – from a specified district to fund STAR bond projects. Available taxes to help in that funding are the state sales tax, local sales tax, and transient guest tax.

Oakland, CA Planning Commission Approves A's Ballpark EIR
The county tentatively committed to an Enhanced Infrastructure Financing District (EIFD) to fund infrastructure upgrades in the Howard Terminal area. In the nonbinding vote, the county approved the district. The EIFD would benefit all businesses in the general area, not just the new A's ballpark, but the new development would be the biggest beneficiary of the fund.

The Key to Tapping Underused Land in the Heart of the Antelope Valley, CA
In a time of economic turmoil and uncertainty, Palmdale, situated in northern Los Angeles County in the heart of the Antelope Valley region, is a city poised for growth with a key asset that is often scarce in population-dense regions. Palmdale is utilizing the EIFD development tool. The goals of the district, laid out in its Infrastructure Financing Plan, include adding additional housing units and improving job opportunities.

Upcoming Events
Intro Revolving Loan Fund WebCourse

CDFA Federal Financing Webinar Series: Capacity Building Programs from EDA and NIST
Tuesday, March 1, 2022 - 2:00 PM - 3:30 PM Eastern
This session of the Federal Financing Webinar Series will highlight the resources available at the Department of Commerce to support projects in communities of all sizes. Learning about these programs can help fund projects in your community such as investing in physical infrastructure, developing new small business access to capital tools, building scalable startups, and creating and retaining manufacturing jobs.

CDFA // BNY Mellon Development Finance Webcast Series: Capitalization Strategies & Funding from the American Rescue Plan
Tuesday, March 15, 2022 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will discuss capitalization strategies that communities can use to leverage federal funding to drive long-term private investment.

Tax Increment Finance News

Elkhart County, IN Commissioners Green-Light TIF Area for Amazon Site
The Goshen News | Feb. 16 | Economic Development | Tax Increment Finance (TIF)

Developers Offer New Plan for Former YWCA Building in Lincoln, NE
Lincoln Journal Star | Feb. 16 | Community Development | Housing Finance | Redevelopment | Tax Increment Finance (TIF)

Columbus, NE OKs Casino Redevelopment Plan
The Columbus Telegram | Feb. 16 | Economic Development | Infrastructure Finance | Redevelopment | Tax Increment Finance (TIF)

Hutchinson, MN Approves Jorgenson Hotel Renovation Aid
Hutchinson Leader | Feb. 16 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Gering, NE OKs Midwest Farm Service Building Project
Star Herald | Feb. 14 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Napa, CA EIFD One Step Closer to Approval
Napa Valley Register | Feb. 14 | Economic Development | Infrastructure Finance | Redevelopment | Tax Increment Finance (TIF)

Senator Argues Nebraska Casinos Shouldn't Get TIF
The North Platte Telegraph | Feb. 10 | Incentives | Tax Increment Finance (TIF)

Way Cleared for Lower Rent on Some Ellie Apartments in Eden Praire, MN
Eden Praire Local News | Feb. 9 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

TIF Program Moves Forward in Wauseon, OH
Fulton County Expositor | Feb. 9 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Developer Seeking $29M From Dallas, TX City Council for High-Rise Project
The Real Deal | Feb. 7 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Indianapolis, IN Eyes $12M in Incentives for Apartment Complex
Fox 59 | Feb. 7 | Economic Development | Housing Finance | Redevelopment | Tax Increment Finance (TIF)

Colorado Buyer Seeks TIF to Help Spiff up Former Scoular Site in Omaha, NE
3 News Now | Feb. 5 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

City to Approve Incentives for Blighted Land in West Springfield, MO
Springfield News Leader | Feb. 5 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Mission Gateway Developers Outline Project Revisions, Alterations to TIF in Kansas City, MO
KSHB-TV | Feb. 4 | Economic Development | Redevelopment | 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

Archives

Displaying 1 - 30 of 140

June 28, 2022
May 24, 2022
April 26, 2022
March 22, 2022
February 22, 2022
January 25, 2022
December 28, 2021
November 23, 2021
October 26, 2021
September 28, 2021
August 24, 2021
July 27, 2021
June 22, 2021
May 25, 2021
April 27, 2021
March 23, 2021
February 23, 2021
January 26, 2021
December 22, 2020
November 24, 2020
October 27, 2020
September 22, 2020
August 25, 2020
July 28, 2020
June 23, 2020
May 26, 2020
April 28, 2020
March 24, 2020
February 25, 2020
January 28, 2020




CDFA National Sponsors

  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd LLC
  • gener8tor
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor