CDFA National Summit Call for Submissions
CDFA is accepting sessions submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged. Submissions are due by May 12, 2017.
TIF District Reshaping Region in Bowling Green, KY
The local TIF district is the largest in the state, totaling more than 300 acres stretching from Western Kentucky University to Barren River.
The local TIF district has seen investments of more than $300 million by various entities, including more than $100 million in private investment
Joplin's Post-Tornado TIF Faces Whirlwind of Criticism
Under Missouri law, blight makes a property eligible for tax increment financing, a popular development subsidy, however the Show-Me Institute, a free-market think tank, recently published a case study alleging that Joplin's subsidies "appear to have done little more than allow for mismanagement and profiteering."
Digi-key TIF Approved in Thief River Falls, ND
The Thief River Falls City Council on Monday approved a tax increment plan for the anticipated Digi-key Electronics expansion, which will add 1 million square feet and about 1,000 jobs over 10 years.
The tax increment is estimated at $8.9 million with 10 percent of that value added on for administrative costs.
Tax Increment Financing Pays Off for Racine, WI
State law gives municipalities the tool of tax increment financing to develop or redevelop defined areas, and since 1980 the City of Racine has used it to boost its tax base by a net $181-plus million and counting.
Bergenfield, NJ Plans Downtown Revitalization with Special Improvement District
A spending plan of $187,000 that was recently approved by the Borough Council – the first budget the Special Improvement District, a public-private partnership created to improve the local business climate.
Ohio City, OH Improvement District Will Expand Its Clean & Safe Ambassador Program
The Ohio City Improvement District will expand its Clean & Safe Ambassador program, the result of a choice last fall by property owners along the West 25th Street corridor to renew and expand their special improvement district.
Controversial TIF to be Used for Houston Transit Project
At the core of the controversial Post Oak Boulevard project, with an estimated cost of $192.5 million, is the dedicated bus lane (also called bus rapid transit) system to be constructed in the median of Post Oak Boulevard. Opponents of the plan have taken issue with the legality of the Uptown Tax Increment Reinvestment Zone that's partly funding the project.
Retail Projects in Midwest City on the Rise Thanks to TIF
While the Midwest City, OK, Town Center Plaza took $7 million in tax increment finance dollars and some time to come together, it's spectacularly successful. It boasts a variety of retail stores, including a Lowe's, a Target, a Kohl's, a Best Buy, a J.C. Penney and a PetSmart, and restaurants such as Panera, Mutts Amazing Hot Dogs and Burgers, Fat Daddyz Crawfish and many more.
OKC Extends Life of Area's TIF District
Among many recent developments to move on developing OKC's innovation district, city officials have amended the area's tax increment financing district to extend its life and to provide money for STEM-oriented education that could benefit both the innovation district and residents.
Lucky's to Anchor Redevelopment at "The Corners" in Denver
Grocer will be the anchor to The Corners redevelopment project, to offset remediation and public improvement costs, the developer was awarded a $6.2 million tax-increment financing package.
Canopy Street Grocery, Apartments, One of Five TIF Projects on Council Agenda
The TIF proposals included the 15-story building, a 153-apartment complex, an office building on Innovation Campus, and redevelopment of the Lincoln Commercial Club project.
Lexington, SC, County Council Denies City of Cayce TIF Request
The City of Cayce has used Tax Increment Financing to develop areas of the city for the last 20 years. But a request to continue to use the funding mechanism that keeps taxpayer money in the municipality was recently denied by Lexington County Council.