Tax Increment Financing District Considered for West Louisville

A prominently Black and low-income neighborhood in Louisville could gain a new tool for spurring local development—the law is intended also to control the effects of gentrification.

February 25, 2021, 7:00 AM PST

By James Brasuell @CasualBrasuell

West Louisville

w.marsh / Flickr

Morgan Watkins reports: "A bipartisan group of [Kentucky] lawmakers wants to boost long-term, community-driven economic development in west Louisville — a region hurt by decades' worth of disinvestment — by establishing a tax increment financing district that ensures local tax dollars are reinvested in its neighborhoods."

"A TIF district allows for current development to be financed with future tax revenues from the increases in property values, as well as in sales taxes and other kinds of taxation, that are anticipated as an area's economic revitalization unfolds," explains Watkins.

The state law proposes a 30-year TIF district for "the part of the city that stretches west of Ninth Street and north of Algonquin Parkway," according to Watkins.

According to the article, the part of the city targeted for the TIF district is home to many of the city's Black residents, many of which are low-income. The legislators hope the TIF would address problems rooted in systemic racism awhile also including safeguards against gentrification. To ensure that property taxes stay reasonable for existing residents, the legislation would cap property tax increases based on values assessed this year. The legislation also includes provisions to encourage community involvement in vetting potential development projects.

Tuesday, February 23, 2021 in Louisville Courier Journal

Chicago Commute

Planning for Congestion Relief

The third and final installment of Planetizen's examination of the role of the planning profession in both perpetuating and solving traffic congestion.

May 12, 2022 - James Brasuell

Twin Cities

Minneapolis Housing Plan a Success—Not for the Reason You Think

Housing advocates praise the city’s move to eliminate single-family zoning by legalizing triplexes on single-family lots, but that isn’t why housing construction is growing.

May 13, 2022 - Reason

Single-Family Housing Construction

New White House Housing Initiative Includes Zoning Reform Incentives

The Biden administration this morning released a new program of actions intended to spur housing construction around the United States.

May 16, 2022 - The White House

Complete Street Vancouver

Study: Most of Vancouver Is a ‘15-Minute City’

A large majority of Vancouver residents can access a grocery store in 15 minutes or less by bicycle or on foot.

May 20 - Vancouver Sun

Montreal, Quebec

Urban Design, Transport, and Health

The Lancet medical journal published a series of articles that explore how to evaluate and guide urban planning decisions to create healthy and sustainable cities. Live long and prosper!

May 20 - The Lancet - Urban Design, Transport, and Health

MoGo Bikeshare Bikes

Detroit Bike Share Celebrates Five Years

In its five years of operation, Detroit’s MoGo bikeshare has added electric and adaptive bikes to its fleet of more than 600 bikes.

May 20 - MoGo

HUD’s 2022 Innovative Housing Showcase

HUD's Office of Policy Development and Research

Expanding HUD’s Eviction Protection Grant Program

HUD's Office of Policy Development and Research

New Updates on The Edge

HUD's Office of Policy Development and Research

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Hand Drawing Master Plans

This course aims to provide an introduction into Urban Design Sketching focused on how to hand draw master plans using a mix of colored markers.