Weymouth and Union Point Tenant Reach Deal on Tax Breaks
Waymouth, MA uses Tax Increment Financing for the first time to redevelop the former South Weymouth Naval Air Station for a Dutch robotics company Prodrive Technologies.
Charleston County Approves West Ashley Revitalization Funding
Charleston County joins with the City of Charleston to form a $60M TIF district. The Jurisdictions are working together to revitalize the area and are now seeking public input on the plans.
AZ Coyotes Looking to Utilize TIF for New Arena
The Coyotes' arena plans have rekindled the debate over tax increment financing and incentives for sports teams and stadiums.
KC TIF Commission Advances East Side Revitalization Effort
Roughly $500,000 a year in earnings tax revenue paid by employees of Kansas City Public Schools would be diverted from city coffers into improvements within a 20-block-long swath of the city's East Side under a tax increment financing plan.
TIF District Funds Find New Allocation
The City Council in Newton, IA voted to redirect monies generated in the city's TIF districts to the general funds. The allotment to be paid back on TIF district debts will slow up during the next fiscal year.
St. Louis Advances $65M in Subsidies for Ballpark Village Expansion
A St. Louis aldermanic committee advanced $65 million in financing for Ballpark Village's planned $220 million expansion. The financing would come from TIF, a CID, a transportation development district, and the state of Missouri. The Ballpark Village bonds, originally issued in 2013, expire in 2037.
Clay County Consents to Spencer TIF District
The Clay County Board of Supervisors approved a resolution, consenting to the establishment of a sales tax TIF district, which would cover Pine Tree Plaza in Spencer.
River Forest Adopts Madison Street TIF District
Officials say a new Tax Increment Financing district proposed for the northern portion of Madison Street can help revitalize that part of The Village of River Forest. The proposed TIF district will last for 23 years.
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