Tax Increment Financing (TIF) is a public financial tool cities, towns, and counties use to stimulate development and redevelopment in specific areas. This mechanism allows for the reallocation of ...
After a period of time – in Cleveland’s case, 30 years – the TIF district would expire, and the increased property taxes would start flowing back to their usual recipients, including the Cleveland ...
Jan. 14—TRAVERSE CITY — City commissioners will put a proposal on the Nov. 5 election ballot for a proposed city charter amendment impacting the future of Tax Increment Financing districts in the city ...
The two largest ongoing development projects in Chicago — one on the North Side, the other just south of the Loop — are primed to benefit from a series of fiscal maneuvers the city has quietly made, ...
A plan to build a Starbucks and make improvements in an area south of Route 176 and east of Route 12 in Wauconda is considered a big step in an area targeted by village officials for redevelopment. In ...
Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X If a tax-increment financing district for Union Pier becomes a reality, the 75 Calhoun Street ...
Expert TIF tips: How Cleveland can avoid one common pitfall in its pursuit of a revitalized downtown
CLEVELAND, Ohio – Cleveland is venturing into new territory with the potential passage Monday of Mayor Justin Bibb’s special downtown tax-increment financing district. But for decades now, other ...
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