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CDFA Tax Increment Finance Update - October 11, 2016

Tax Increment Finance Update
October 11, 2016
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Tax Increment Finance Update

Features

MO County Argues City Misinterprets State Law in Appeal of TIF Ruling
City officials are trying to regain the ability to use TIF districts to help fund projects after Boone County Circuit Judge Gary Oxenhandler in December 2015 barred the city from using TIF districts until 2020.

Silvis Eyes Terminating a TIF
A tax increment financing district that helped turn one horse field into 66 houses is expected to be terminated, after running its 23-year course, city officials said Friday.

Lowell Looks to Fix TIF
In Lowell, IN, the Redevelopment Commission has taken a step toward fixing costly disparities in the exact parcels included in the town's tax increment financing district.

Prince George's County Making Big Investment in Suitland
Prince George's County is taking the rare step of acting as master developer with a TIF district and investing roughly $100M to build a mixed-use town center in Suitland.

City Foundry Project to Include High-Rise Offices and Apartments
The planned $340 million redo of the Federal-Mogul foundry in midtown St. Louis as a trendy food hall and high-rise apartments and offices includes TIF, state and historic tax credits, and state brownfields tax credits.

Rock Island Considers TIF to Support Apartment Redevelopment
Housing developers from Ohio may spend $66 million to acquire and redevelop two apartment complexes in Rock Island. Both apartment complexes allow rent subsidy assistance for lower income residents and this trend is expected to continue.

City Council Gives its Blessing to Fall River Bond Requests, TIFs
The City Council moved a multi-million capitol improvement spending package to its Committee on Finance for discussion on Tuesday and approved two $1 million bonds as part of a land deal with Atlantis Charter School near South Watuppa Pond.

Massive 'L' Station Rehab Funding Plan Cheered for Expanding Accessibility
The CTA is putting up $428 million and would secure another $625 million by implementing the Transit TIF District and securing a "low interest, low cost" loan through the Transportation Infrastructure Financing and Innovation Act,

Columbus, GA Approves One Midtown TAD, Postpones Decision on the Other
Columbus Council approved one of two Tax Allocation Districts proposed for midtown Columbus and delayed a decision on the other. This will be the fifth TAD the council has approved with the city's first TAD approval in December 2015.

Upcoming Events
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Tax Increment Finance News

Silvis TIF District Moves Closer to Closure
Dispatch Argus | Oct. 7 | Tax Increment Finance (TIF)

Minden City Moves Forward with TIF District Funding
Specht Newspapers | Oct. 7 | Infrastructure Finance | Tax Increment Finance (TIF)

Proposed Batavia TIF District Gets Blessing Over School District's Objection
Paddock Publications | Oct. 7 | Tax Increment Finance (TIF)

Independent Report on Downtown Columbia TIF Proposal Calls for More Careful Critique
The Baltimore Sun | Oct. 7 | Infrastructure Finance | Tax Increment Finance (TIF)

Downtown Marriott Gets Preliminary Approval for Taxpayer Help with Renovations
The Kansas City Star | Oct. 7 | Special Assessment Districts | Tax Increment Finance (TIF)

Hotel Developers to Receive Reimbursement
Paxton Record | Oct. 7 | Infrastructure Finance | Tax Increment Finance (TIF)

More TIF Dollars on Horizon for Batesville
The Herald-Tribune | Oct. 7 | Infrastructure Finance | Tax Increment Finance (TIF)

Revenue Falls Short of Projections for TIF District
Muskogee Phoenix | Oct. 5 | Tax Increment Finance (TIF)

Springfield City Council Gets Plan for Using Commercial Street TIF Funds
Gray Digital Media | Oct. 5 | Infrastructure Finance | Tax Increment Finance (TIF)

Memphis Council Committee OKs Highland Strip Plan
The Commercial Appeal | Oct. 5 | Tax Increment Finance (TIF)

Owasso City Council Approves TIF Board for Downtown Redevelopments
Tulsa World | Oct. 5 | Tax Increment Finance (TIF)

School Districts Voice Concern Over Proposed River Forest TIF
Chicago Tribune | Oct. 5 | Tax Increment Finance (TIF)

Downtown Hotel Developer Seeks TIF Deal with City of Louisville
American City Business Journals | Oct. 5 | Tax Increment Finance (TIF)

Springfield City Council to Consider Building New Street, Pedestrian Walkway
Springfield News-Leader | Oct. 5 | Infrastructure Finance | Tax Increment Finance (TIF)

Maine Finance Overseer Objects to ‘Giveaway' Tax Break for Wind Farm
Bangor Daily News | Oct. 5 | Tax Increment Finance (TIF)

Urbana Council OKs TIF-District Distribution
The News-Gazette | Oct. 5 | Tax Increment Finance (TIF)

Janesville TIF District Funds Road Improvements
Gazette Extra | Oct. 3 | Infrastructure Finance | Tax Increment Finance (TIF)

North Augusta's Proposed Project Jackson Clears ‘Major Obstacles'
Aiken Standard | Sep. 28 | Tax Increment Finance (TIF)

Agreement for Downtown Rockford Hotel Moves to City Council
GateHouse Media | Sep. 28 | 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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