Tax Increment Financing
Lincoln Yards Mega-Development Clears Final Legislative Hurdle
A Chicago City Council vote to approve tax increment financing for the massive Lincoln Yards redevelopment proposal scored a surprising reversal and a big win for outgoing Mayor Rahm Emanuel, with an assist from Mayor-elect Lori Lightfoot.
Mayoral Election Likely to Have Consequences for Chicago Mega-Development
The most recent citywide election in Chicago was considered a referendum on the old way of operating the city. The $6 billion Lincoln Yards project, on the brink of approval, could be included in that referendum.
Chicago's Largest-Ever Tax Increment Financing District Approved for Lincoln Yards Development
The new TIF is expected to generate $900 million. Opponents wanted to wait until a new mayor is elected to decide on the TIF.
Chicago Music Venue Operators Still Concerned About Lincoln Yards Project
Assurances that the plan will not include large commercial venues have not calmed fears about the future of local independent clubs.
Tax Deal Clears the Way for Seattle's Grand Waterfront Park Plans
A proposed waterfront plan has secured the necessary funding to move forward in Seattle, pending City Council approval.
Plan Changes for Chicago’s Lincoln Yards Project
The massive proposed development project on the Chicago River is facing a host of questions about density, open space, and infrastructure.
The Problems With Tax Increment Financing and How to Fix Them
Tax increment financing (TIF) districts are common in municipalities across the country. However, the economic development tool is also poorly understood and often the target of criticism.
Post-Amazon Chicago: Mayor Seeks $1.7 Billion in Subsidies for Downtown Developments
Making the case that proposed developments won't come to fruition with support from tax increment financing, Mayor Rahm Emanuel is moving quickly to shore up development plans now that Amazon has moved on.
As Tax Increment Financing Districts Sunset in Iowa City, Questions Abound
Iowa state law requires tax increment financing to sunset after 20 years. Cedar Rapids is in the process of evaluating some of its TIF districts after they expired this summer.
Everything About Tax Increment Financing
A controversial form of value capture, tax increment financing begs for further analysis and understanding. A new report by the Lincoln Institute of Land Policy sheds light on the subject.
Transit-Area Tax Increment Financing Bill on Gov. Jerry Brown's Desk
Transit, affordable housing, TODs, active transportation and local governments should all come out ahead should Brown sign SB 961. The bill follows in the path of earlier legislation that created enhanced infrastructure finance districts.
Working to Include Equity Along the Atlanta BeltLine
The tax allocation district set up to capture development value created by the Atlanta BeltLine has fallen short of its intended goals for creating and preserving affordable housing.
Tax Increment Financing a Possibility for Big Pittsburgh Redevelopment Project
A $125 million adaptive reuse project is looking for help with infrastructure improvements. Pittsburgh's Urban Redevelopment Authority is considering tax increment financing to fund street improvements.
Report: Tax Increment Financing Is the New Redlining
A new report from the Show-Me Institute provides a scathing critique of the demographic disparities apparent in how the city of St. Louis deploys tax increment financing.
Money for Retailers on Chicago's South and West Sides
In Chicago, which has seen closures by retailers like Sears, Macy's, and others, Mayor Emanuel is offering some relief in the form of grants.
St. Louis Debating and Reforming its Development Incentives
The city of St. Louis is in the midst of an intense political debate—with mayoral consequences—on the subject of development incentives, which critics say just help the rich get richer.
Chicago Gets a $1.1 Billion Federal Grant for North Side Transit Improvements
The city of Chicago was working hard to win the federal funding while the Obama Administration is still in power.
Funding Rolling in for Still-Uncertain Nicollet Ave Streetcar in Minneapolis
Several new developments are adding funds to the pot of money in a streetcar district created by Minneapolis to circumvent a politically unpalatable tax increment financing district.
A New Financing Tool for California: Enhanced Infrastructure Finance Districts
Enhanced infrastructure finance districts allow regional cooperation on infrastructure investment and economic development.
Tax Increment Financing District Proposed for Chicago's Big Flyover Transit Project
Mayor Rahm Emanuel is looking for ways to raise local funds to help secure the federal funds necessary for the CTA's Red-Purple Bypass Project.
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