CDFA Tax Increment Finance Update - December 15, 2015

Tax Increment Finance Update
December 15, 2015

Features

$7.3M in TIF for Middleton Downtown Redevelopment

Milwaukee Business Journal reports city council voted to support $7.3 million in tax increment financing for a redevelopment to expand retail and office space in downtown Middleton, WI.

Downtown Cleveland Lakefront Could See City Funding for Infrastructure

Tax increment financing could generate about $9 million in up-front infrastructure costs for the downtown lakefront redevelopment, according to Cleveland.com. The city is proposing two 30-year TIFs that would set aside 39 percent of property tax revenues.

Montgomery Budget Committee Fine-Tuning Downtown TIF

As reported by The Leaf-Chronicle, the Montgomery County Budget Committee is beginning to draft key provisions of an economic impact strategy for tax increment financing aimed at revitalizing downtown Clarksville, TN.

$148M Grand Reserve Hotel Project Clears TIF Hurdle

The Tax increment Financing Commission of Kansas City advanced TIF for a $148.5 million redevelopment project, which would divert $15.8 million worth of tax revenue to the project over 23 years, reports Kansas City Business Journal.

TIF Fund Transfer Proposed in Wheaton

The Chicago Tribune reports that Wheaton officials are proposing a shift of almost $1.6M in surplus funds from one of the oldest TIF districts on the west side of the central business district to a new TIF district on Main St.

CDFA Webinar: Financing Green Energy on Brownfields

January 14, 2:00 - 3:30pm EST
Join CDFA, US EPA, and experienced brownfield communities as we discuss the potential behind using brownfields as sites for renewable energy generation, the unique financing tools available for these projects, and the potential benefits for impacted communities and energy developers.

Upcoming Events

Fundamentals of Economic Development Finance WebCourse

CDFA Brownfields Project Marketplace
February 2-4, 2016 - 1-5pm EDT

CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online February 2-4 to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

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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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