The city of Minneapolis approved an interim inclusionary zoning measure in December 2018, but very few projects were subject to the policy. Supporters and opponents of the policy are sparring over the policy's future.
Vermont enabled tax increment financing (TIF) for the city of Burlington in 1985, in keeping with a nationwide trend at the time. TIF is still a major player in the state's redevelopment efforts to this day.
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.
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.
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.
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.