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CDFA Tax Increment Finance Update - May 24, 2016

Tax Increment Finance Update
May 24, 2016
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Tax Increment Finance Update

Features

Breaking Down the Financial Details of the Port Covington TIF
The financial details of Sagamore Development's 266-acre Port Covington Master Plan on the South Baltimore Peninsula gets a breakdown in this article from southbmore.com.

Salvation Army May Get TIF Funds to Relocate Outside the District
The city of Springfield has come up with a way to help the Salvation Army with downtown tax increment financing funds even though the charity is planning a new location that's outside the TIF boundaries, reports The State Journal-Register.

Legislature Passes New Restrictions on TIF Incentives in St. Louis, MO
New legislation passed restricting the use of revenue diverted to TIF projects to be used only for demolition related purposes, reports the St. Louis Post-Dispatch. The changes would apply only if other affected governments recommends that the project be denied TIF benefits and in St. Louis, St. Charles and Jefferson counties.

CO Lawmakers Pass Bill on Special Districts
The Colorado House and Senate unanimously passed legislation designed to validate previous elections of special districts and protect them from legal challenges to their ability to create districts and issue tax-exempt bonds.

State Tax Incentives Take Center Stage in Downtown Renovations
Together, state and federal tax credits will total about $1.8 million for the Gray Goose project in Janesville. City tax increment financing loans for the project totals $500,000, according to city records.

Enroll Now! CDFA Online Brownfields Marketplace - June 22-24
June 22-24, 1:00 - 5:00pm Eastern
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 on June 22-24 to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

Upcoming Events
Intro Incentives WebCourse
Tax Increment Finance News

$300M Gateway Sports Village Scores TIF Recommendation
Kansas City Business Journal | May. 23 | Tax Increment Finance (TIF)

St. Louis TIF Commission Recommends Westside TIF Redevelopment
The Rolla Daily News | May. 23 | Tax Increment Finance (TIF)

Shelbyville City Council OKs TIF Grant for Medical Facility
Shelbyville Daily Union | May. 23 | Tax Increment Finance (TIF)

Laser Express Nearing Move From Madison to Middleton with $1.3M in TIF
Wisconsin State Journal | May. 20 | Tax Increment Finance (TIF)

TIF Plan Supporting Great Lakes Center for the Arts Approved
Upnorthlive.com | May. 20 | Tax Increment Finance (TIF)

Finance Committee Unanimously Supports Beacon Cinema Tax Agreement
Berkshire Eagle | May. 17 | Tax Credits | Tax Increment Finance (TIF)

Hales Corners Preps $10.7M to Spur Highway 100 Revitalization
Milwaukee Business Journal | May. 16 | Tax Increment Finance (TIF)

Springfield, IL Seeks 12-Year Extension of Central Area TIF District
The State Journal-Register | May. 16 | Tax Increment Finance (TIF)

TIF Commission Moves Forward With Downtown Kirksville Revitalization Project
Kirksville Daily Express | May. 16 | Tax Increment Finance (TIF)

Webb Cos., Banks to Fund $38M Centrepointe Parking Garage
Herald Leader | May. 11 | Bond Finance | Tax Increment Finance (TIF)

Questions Arise over Mayor's Real Estate Dealings
Alton Telegraph | May. 10 | 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


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