Tax Increment Financing

Chicago Mayor

Mayoral Election Likely to Have Consequences for Chicago Mega-Development

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.

April 5, 2019 - Chicago Tribune

Chicago, Illinois

Chicago's Largest-Ever Tax Increment Financing District Approved for Lincoln Yards Development

The new TIF is expected to generate $900 million. Opponents wanted to wait until a new mayor is elected to decide on the TIF.

February 21, 2019 - Chicago Sun-Times

Chicago Aerial

Chicago Music Venue Operators Still Concerned About Lincoln Yards Project

Assurances that the plan will not include large commercial venues have not calmed fears about the future of local independent clubs.

January 18, 2019 - Chicago Tribune

Seattle, Washington

Tax Deal Clears the Way for Seattle's Grand Waterfront Park Plans

A proposed waterfront plan has secured the necessary funding to move forward in Seattle, pending City Council approval.

January 7, 2019 - Crosscut

Chicago River North Branch

Plan Changes for Chicago’s Lincoln Yards Project

The massive proposed development project on the Chicago River is facing a host of questions about density, open space, and infrastructure.

December 2, 2018 - Chicago Tribune

Pilsen Chicago

The Problems With Tax Increment Financing and How to Fix Them

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.

November 13, 2018 - Lincoln Institute of Land Policy

Illinois

Post-Amazon Chicago: Mayor Seeks $1.7 Billion in Subsidies for Downtown Developments

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.

November 7, 2018 - Chicago Tribune

Iowa

As Tax Increment Financing Districts Sunset in Iowa City, Questions Abound

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.

October 3, 2018 - Cedar Rapids Gazette

Bloomingdale Trail

Everything About Tax Increment Financing

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.

September 16, 2018 - CityLab

Transit Oriented Development

Transit-Area Tax Increment Financing Bill on Gov. Jerry Brown's Desk

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.

September 7, 2018 - Move LA

Mural

Working to Include Equity Along the Atlanta BeltLine

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.

August 23, 2018 - NextCity

Strip District

Tax Increment Financing a Possibility for Big Pittsburgh Redevelopment Project

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.

April 12, 2018 - Pittsburgh Post-Gazette

St. Louis

Report: Tax Increment Financing Is the New Redlining

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.

May 11, 2017 - St. Louis Riverfront Times

Southside Chicago

Money for Retailers on Chicago's South and West Sides

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.

March 3, 2017 - Chicago Tribune

Gateway Arch

St. Louis Debating and Reforming its Development Incentives

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.

February 13, 2017 - St. Louis Post-Dispatch

Chicago Gets a $1.1 Billion Federal Grant for North Side Transit Improvements

The city of Chicago was working hard to win the federal funding while the Obama Administration is still in power.

January 9, 2017 - The Chicago Tribune

Construction Cranes

Funding Rolling in for Still-Uncertain Nicollet Ave Streetcar in Minneapolis

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.

October 4, 2016 - Minneapolis Star-Tribune

West Sacramento Bridge District

A New Financing Tool for California: Enhanced Infrastructure Finance Districts

Enhanced infrastructure finance districts allow regional cooperation on infrastructure investment and economic development.

August 31, 2016 - Linda Day

Chicago

Tax Increment Financing District Proposed for Chicago's Big Flyover Transit Project

Mayor Rahm Emanuel is looking for ways to raise local funds to help secure the federal funds necessary for the CTA's Red-Purple Bypass Project.

August 12, 2016 - Chicago Tribune

Carquinez Bridge

The Well Has Run Dry: Redevelopment in Vallejo, CA Without Tax Increment Financing

A case study of Vallejo shows how the city is continuing revitalization efforts without the powerful tools provided by its former redevelopment agency.

June 24, 2016 - Linda Day

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