Planetizen - Urban Planning News, Jobs, and Education

Tax Increment Financing

December 29, 2019, 5am PST
A new initiative seeks to bring investment dollars to Chicago communities that for decades have suffered from the loss of wealth and population.
Next City
December 20, 2019, 1pm PST
The city of Cincinnati is committing to tax increment financing as a tool to invest in underserved, low-income neighborhoods.
Cincinnati Enquirer
October 31, 2019, 12pm PDT
CityLab University explains a controversial and misunderstood funding mechanism.
CityLab
October 17, 2019, 1pm PDT
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.
MinnPost
October 8, 2019, 6am PDT
The Chicago Tribune supports the use of tax increment financing to fund a $2.1 billion project to revamp the Red and Purple lines on the CTA system in Chicago.
Chicago Tribune
September 15, 2019, 1pm PDT
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.
Lincoln Institute of Land Policy
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