CDFA Tax Increment Finance Update - January 12, 2016
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| Features |
City of Bakersfield Eyes TIF as Redevelopment Successor
City officials in Bakersfield, CA have a new plan to stimulate development, reports the Bakersfield Californian. As a way to replace the city's Redevelopment Agency, the Economic Opportunity Area Plan would use tax increment financing in four areas east of Highway 99, in the southeast, far southeast, northeast and downtown.
TIF Created to Help Revitalize Timkin Plant Site in Columbus, OH
The City of Columbus has created a Tax Increment Financing district on pieces of land near the old Timkin plant site, reports WCBE. The 7.1 million dollar package of public subsidies will be used to build a nearly 37 million dollar manufacturing and warehouse facility.
TIF Money for Uptown Chicago Apartments Slated for Panel Vote
As reported by Chicago Business, a city panel next week will consider a controversial proposal to provide a $15.8 million subsidy for a 381-unit apartment project in Uptown.
Robbinsdale, MN Complex Seen as Development Stimulus
According to Finance and Commerce, developers utilized federal, state, and local development incentives to help transform the site of a former dry cleaner and convenience store into a low income housing complex.
A TIF Success Story in Lenexa, Kansas
According to Metropolitan Capital Advisors, the City of Lenexa was able to recast the landscape of their city, bring new development, and create new jobs with the help of a tax increment financing district.
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| Upcoming Events |
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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| Tax Increment Finance News |
Carpentersville Officials Approve the Creation of Two TIF Districts
Chicago Tribune | Jan. 11 | Tax Increment Finance (TIF)
City of Edina Considers TIF for Homeless Youth Housing
Finance and Commerce | Jan. 11 | Local Finance Program | Tax Increment Finance (TIF)
Could DMC Money Fund a Tunnel in Rochester?
Post Bulletin | Jan. 11 | Tax Increment Finance (TIF)
Eliot Officials Seek Solution to Sewer Funding in Maine
Fosters.com | Jan. 11 | Tax Increment Finance (TIF)
Omaha Planning Board Get Behind Projects Seeking TIF
Omaha.com | Jan. 7 | Tax Increment Finance (TIF)
Taxing Bodies Back Work on TIF District
Pantagraph | Jan. 7 | Tax Increment Finance (TIF)
City Sells South Worcester Industrial Park Site to Manufacturer
telegram.com | Jan. 7 | Tax Increment Finance (TIF)
Route 6A Planning Project Wins Award for Orleans, MA
Wicked Local | Jan. 7 | Local Finance Program | Tax Increment Finance (TIF)
Colchester Sanitary Sewer Project Running under Budget
The McDonough County Voice | Jan. 6 | Infrastructure Finance | Local Finance Program | Tax Increment Finance (TIF)
The Home Depot Assessment Dispute Continues in Auburn, IN
KPCNews | Jan. 6 | Local Finance Program | Tax Increment Finance (TIF)
Tax Breaks Keep Long Island Aquarium's Doors Open
Riverhead Local | Jan. 6 | Tax Increment Finance (TIF)
$200M Retail and Home Plan in Vernon Hills Progressing
Daily Herald | Jan. 5 | Tax Increment Finance (TIF)
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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