News

Government has long used sundry tax breaks, in lieu of direct subsidies, to attract business or real estate developments to a particular locality. This also has been a perennial political issue ...
One city councilor is leading the effort to dissolve one of this city's two Tax Increment Financing, or TIF, districts, ...
The LaSalle/Central TIF District. There are many, many things wrong with Mayor Daley’s pet economic development tool, tax increment financing, but what tops my list is that while it’s intended ...
Not only is Iowa City most likely losing its Von Maur to Coralville, but its taxpayers are essentially helping Coralville pay to build a new store, according to a new report. The owner of an ...
Another TIF example is the Castle Theater, 209 E. Washington St. The owner received about $390,000 in redevelopment money for a $1.2 million project to restore the theater.
An east-side TIF created in 1995, for instance, is basically out of money. By comparison, the Fiatallis/Park South TIF had a balance of nearly $4.9 million at the end of the 2011 fiscal year on ...
Tackling TIF takes tasking toughness. Even the very words “Tax increment financing,” (TIF), turns the tongue in twisted tangles like some Seussical tongue twister, and to the uninitiated it ...
The TIF rules continue to evolve in Maine, however. For example, creation of an official historic district allows a municipality to waive the usual five-percent valuation cap and the acreage rules ...
TIF has been used in Edina since the early 1970s to deliver permanent benefits to the public that are superior to the minimum requirements established in our City Code.
Roldo: Bedrock TIF Latest Example of Cleveland Chasing the Shiny Object Cleveland will give $1 billion in subsidies to a billionaire and once again focus on downtown instead of neighborhoods ...
Niles village leaders hope a new tax increment financing district on Touhy Avenue will spearhead an estimated $17 million in redevelopment along the corridor. The Niles Village Board voted 6-0 at ...