Enid City Commission Terminates 3 TIF Districts and Creates 1
Enid, OK City Commission has approved the termination of three Tax Increment Finance districts, and the creation of one new district. Nate Ellis, of Public Finance Law Group, said the projects ultimately never moved forward, due to economic circumstances beyond the control of the city.
Aided by Public Incentives, South Billings. MT Becoming Hot Spot
Tax increment financing is one of few tools available to economic development groups to attract new business. In South Billings, it seems to be working.
MI Considering Tax Incentives for Large-Scale Brownfield Development
Major brownfield development projects in Michigan may soon get a boost from a five-bill Senate package that would allow developers to capture state sales and income taxes, according to Crain's Detroit Business.
Baltimore City Council Approves $660M Bond Deal for Port Covington Project
The Baltimore City Council gave its final approval to a $660 million public financing package for Under Armour CEO Kevin Plank's massive Port Covington project.
Hartford School Districts Reach Proposed TIF Agreement
Hartford, IL is considering a TIF district for the Chemetco plant site and surrounding area, and according to an intergovernmental agreement approved by the East Alton-Wood River school board, local school districts would receive 5 percent each of any tax increment above a $200,000 threshold.
Traverse City Commissioners to Talk TIF, Neighborhood Redesign
City commissioners are discussing replacing an expired tax increment finance plan, which has been credited with creating hundreds of jobs and spurring tens of millions in private investment . A new plan would reset the baseline for tax increment finance capture.
Oswego Officials Hope New Tax District Will Encourage Development Downtown
Oswego officials are hoping to spur redevelopment that brings more retail, restaurants and residential living units to the heart of the downtown and strengthens the historic charm of Main Street.
Chicago Aldermen Seek To Surplus A Shared TIF District To Fund Schools
Five Chicago aldermen want to surplus funds from a TIF district located in their wards and use the money to help "alleviate the budget crisis" at the cash-strapped Chicago Public Schools.
Lake In The Hills Trustees Oppose Tax Increment Financing District Feasibility Study
Trustees said "no" to a $25,000 study that would have allowed the village to see whether a tax increment financing district was a feasible way to bring development to the area in Lake in the Hills, IL. Trustees said they don't think the city needs a study for what they already know.
New TIF District Will Support MN Arctic Cat Expansion
St. Cloud City Council unanimously approved establishing a tax increment financing district for Arctic Cat's $5.6 million expansion.
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