It Was the Best of TIFs, It Was the Worst of TIFs

Five years ago, two developers got approval for tax-increment financing (TIF) projects in St. Joseph, Missouri. One was a success, the other a failure. What happened?

North Pointe has a restaurant, spa and other shops that are moderately successful. Tuscany Village, on the other hand, has failed to attract any retailers at all. The city can pull the TIFs after five years, but as Clint Thompson, the city's planning director puts it:

"...such a move would not bring a benefit, as the TIF does not cost taxpayers any money. Abolishing the TIF could even hinder revitalization of the site in the future.

"We've had a hard enough time developing the property with the TIF, so why would you want to eliminate that incentive?" Mr. Thompson asked."

Full Story: A Tale of Two TIFs

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00