The total cost to complete the public market is $13 million. Capital costs will be funded through several sources, including city funds, private donations, tax credits and possibly state or federal grants. Instead of allocating $7.5 million from the city's general fund for the project, the mayor's budget uses proceeds from a nearby tax incremental financing district.

For years the City of West Linn has wanted to revitalize the waterfront area along the Willamette River. Two years ago, the City began working on a long-range master plan to redevelop the roughly 100 acres along the river. To finance the development, the City may have to rely on tools like Tax Increment Financing (TIF).

A former paper mill in Hamilton, Ohio is getting a new life with a 235-room hotel, convention center and indoor sports complex redevelopment project, a public-private partnership that will bring $175 million in investment to Butler County. To help fund the project, the Hamilton Community Authority is selling $19.4 million of tax-increment financing revenue bonds, $16 million of taxable community charge bonds, and $50.2 million of taxable property assessed clean energy bonds.

Members of Huntington City Council unanimously approved an intergovernmental agreement that will see the city of Huntington loan about $1.8 million to the Huntington Municipal Development Authority for a hillside slip repair at Kinetic Park. All revenue generated from the tax increment financing (TIF) district surrounding Kinetic Park will go toward repaying the city.

Rapid City is continuing to reform procedures for approval of tax increment financing districts with a proposed ordinance that would significantly restrict the use of the districts to finance infrastructure. Rapid City first approved the financing program in 1978. While several communities across South Dakota also use tax increment financing districts, Rapid City's usage is more than the next three communities combined.

The development agreement includes other project incentives. Per the agreement, the village will also return to the company 70% of the tax increment generated by the project annually. Mark Fitzgerald, Menomonee Falls village manager, said the agreement is set up in a way that grants Milwaukee Tool maximum flexibility for developing its new campus.

The Grand Island Community Redevelopment Authority (CRA) approved sending a $5 million tax increment financing request for a new retirement village on to the Regional Planning Commission. The TIF funds will be used for property purchase; site preparation; utility extensions; building plans and engineering; façade; private streets and recreational trails; and legal work, fees, and financial tracking.

The Motor Car building is being redeveloped by Weyland as an office, light industrial and technology complex. The $18.2 million project gained momentum toward the end of 2019 when Dayton City Commission approved a new tax increment financing (TIF) district, which will assist with the redevelopment of the building by providing a mechanism to finance infrastructure improvements and redevelopment efforts.

Intro Bond Finance WebCourse
February 26-27, 2020 - Daily: 12:00 - 5:00 PM Eastern

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