CDFA Tax Increment Finance Update - January 24, 2017
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Tax Increment Finance Update
January 24, 2017
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Tax Increment Finance Update

Features

Portland Development Council Invests $32M of TIF Funds to Develop Interstate Corridor
The North/Northeast Community Development Initiative Action Plan intends to target the same neighborhoods as the old Interstate Corridor urban renewal area with its remaining $32 million in TIF funds.

Western Gateway TIF District Endorsed for Oklahoma City
A $120 million Western Gateway tax increment financing district that will allow work to start on the Wheeler development along the Oklahoma River is set to be voted on later this month by the city's planning commission and city council.

Three-Year Legal Battle over Tax Incentive Ends Between MO City and County
Boone County's three-year battle to prevent the City of Columbia from proposing any new tax increment financing districts will end after a state appeals court on Tuesday reversed a previous circuit court ruling and ordered the lawsuit to be dismissed.

Green Bay Council Backs Off Cap on TIF Assistance
Members of the City Council want more information about the use of tax incremental financing districts, or TIFs, before they consider any more city assistance for development projects.

Second TIF Reform Bill gets Legislative Hearing in Montana
SB 27 requires a public hearing before TIF funds can be spent and an annual report be completed by the local government detailing the financial activities of TIF districts. The report also must describe the public purpose of TIF expenditures and how those expenditures will increase the district's tax base.

Louisville Arena Authority to Lobby Legislature Hard for Yum Center TIF Expansion
The Louisville Arena Authority will lobby the Kentucky General Assemble hard next month for a restructuring of tax increment financing legislation that would allow the KFC Yum Center's TIF agreement to extend 30 years.

Brookridge Project in Overland Park Clears Another Hurdle
Developers for the Brookridge project in Overland Park sidestepped another potential obstacle on Wednesday when the Shawnee Mission school board chose not to block the development's potential use of tax increment financing.

Upcoming Events
Intro Tax Increment Finance WebCourse

Learn More About CDFA's Free Technical Assistance for Brownfields
February 1, 2017 - 1:00 pm Eastern
The Council of Development Finance Agencies (CDFA) offers free technical assistance to State, Local, and Tribal brownfield financing efforts. CDFA and partners provide resources and expertise related to revolving loan funds, tax credits, tax increment finance and other effective financing tools. 

Tax Increment Finance News

Yorkville Looks at Extending Life of Tax District
Chicago Tribune | Jan. 23 | Tax Increment Finance (TIF)

Coon Rapids City Council Extends TIF District to Fund Riverwalk Development Project
ABC Newspapers | Jan. 23 | Tax Increment Finance (TIF)

Massillon Council OKs TIFs to Fund Future Projects
Canton Rep | Jan. 23 | Tax Increment Finance (TIF)

Germantown Seeks to Bolster Development with TIF
The Commerical Appeal | Jan. 23 | Tax Increment Finance (TIF)

Heat is On as FBI Building TIF Vote Comes on Monday in Chelsea MA
Chelsea Record | Jan. 23 | Tax Increment Finance (TIF)

Nebraska Auditor says TIF Benefits are Loosely Monitored
Bellevue Leader | Jan. 23 | Tax Increment Finance (TIF)

Janesville Wants to Claw Back Tax Incentives for Plastics Company
GazetteXtra | Jan. 23 | Tax Increment Finance (TIF)

Waco Downtown TIF Board Approves $1.7M for Two Mixed-use Projects
Waco Tribune | Jan. 23 | Tax Increment Finance (TIF)

Development Incentives and Tax Breaks Key Issue in Overland Park
The Kansas City Star | Jan. 23 | Incentives | Tax Increment Finance (TIF) | Tax Credits | Bond Finance

Frederick County Small-Business Tax Credit Bill Amended
Frederick News Post | Jan. 18 | Tax Increment Finance (TIF)

$18M in Bonds Supports Mellody Farm Development
Daily Herald | Jan. 14 | Bond Finance | 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.


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