Tax Increment Financing

June 25, 2019, 8am PDT
The Chicago Tribune says the city of Chicago can't be trusted with tax increment financing (TIF), so it's time for a do-over.
Chicago Tribune
May 2, 2019, 5am PDT
The developers of Hudson Yards received $1.2 billion in financing from the EB-5 program, all made possible by a map that gerrymandered the project into the same neighborhood as Harlem public housing.
CityLab
April 17, 2019, 1pm PDT
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.
Politico
April 5, 2019, 9am PDT
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 Tribune
February 21, 2019, 12pm PST
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 Sun-Times
January 18, 2019, 6am PST
Assurances that the plan will not include large commercial venues have not calmed fears about the future of local independent clubs.
Chicago Tribune
January 7, 2019, 12pm PST
A proposed waterfront plan has secured the necessary funding to move forward in Seattle, pending City Council approval.
Crosscut
December 2, 2018, 7am PST
The massive proposed development project on the Chicago River is facing a host of questions about density, open space, and infrastructure.
Chicago Tribune
November 13, 2018, 11am PST
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.
Lincoln Institute of Land Policy
November 7, 2018, 6am PST
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.
Chicago Tribune
October 3, 2018, 7am PDT
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.
Cedar Rapids Gazette
September 16, 2018, 5am PDT
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.
CityLab
September 7, 2018, 11am PDT
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.
Move LA
August 23, 2018, 12pm PDT
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.
NextCity
April 12, 2018, 2pm PDT
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.
Pittsburgh Post-Gazette
May 11, 2017, 6am PDT
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.
St. Louis Riverfront Times
March 3, 2017, 1pm PST
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.
Chicago Tribune
February 13, 2017, 8am PST
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.
St. Louis Post-Dispatch
January 9, 2017, 11am PST
The city of Chicago was working hard to win the federal funding while the Obama Administration is still in power.
The Chicago Tribune
October 4, 2016, 12pm PDT
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.
Minneapolis Star-Tribune