A new housing project proposal in Grand Island may happen after the City Council voted against creating a TIF district. Developers were looking at $1.16 million to develop the land and roughly $55 thousand per home they had planned to build. Without the TIF, it is not expected for the developers to be able to move forward with the project.

NYC EDC, NYC DOT, and Hudson Square BID announced a partnership to construct infrastructure improvements. The project's streetscape improvements will strengthen Hudson Square by enhancing pedestrian, bicycle, vehicular traffic safety, transforming the corridor into a grand boulevard that will increase connectivity.

University City officials say a $70 million subsidy of a Costco-anchored development will protect the suburb's revenues in case Chesterfield leaves St. Louis County's shared sales tax pool — a possible outcome of a case pending in the Missouri Supreme Court.

Food halls — upscale relatives of the humble food court — have become common in and near Chicago's downtown, but not on the Far South Side. So a first-of-its kind project - the One Eleven Food Hall - in Pullman bears watching. The project was financed in part through $4.5 million in New Markets Tax Credits, $500,000 from TIF, and various microloans.

An $80 million expansion plan was unveiled for South Bend's Century Center. The proposed work on the Century Center itself would cost about $45 million. Revenue sources may include TIF, new markets tax credits, the innkeepers' tax, Indiana opportunity zone funding, Section 108 loan guarantees, and a food and beverage tax.

Construction work is underway at the $5.5 billion, 235-acre Port Covington waterfront redevelopment project in Baltimore, Maryland. The project is a public-private partnership between the City of Baltimore and Port Covington developers and will be the beneficiary of bond financing to help pay for an estimated $1.4 billion of infrastructure. 

The Lake City, MN City Council approved a package of $2.65 million in subsidies, including a $2.105 million tax-increment financing (TIF) district and a $544,986 business subsidy loan to help a local manufacturing facility expand 150,000 feet. The incentives from the city will help with the $12 million project.

As work continues on an indoor sports complex and convention center, the Hamilton City Council is considering multiple options for financing the project. The issuance of $9 million in taxable economic development revenue bonds could be supplemented by a new TIF district and by a special assessment.

Intro Tax Increment Finance Course
August 15-16, 2019 - Detroit, MI

>>> VIEW THE TIF RESOURCE CENTER   

The first County-Township parcel TIF (tax increment financing) enacted by Franklin County for a new location and expansion of a regional ethnic grocer: La Plaza Tapatia (the Developer), in Franklin Township.

>>> EXPLORE TIF RESOURCE CENTER