Tax Increment Financing

March 12, 2015, 1pm PDT
An urban renewal district established in 2011 in the city of Beaverton, Oregon has so far fallen short of its 150-million potential. But as the local economy improves, so too does the tax increment and bond financing potential of the district.
The Oregonian
February 1, 2015, 9am PST
Scott Beyer details the old real estate wisdom of "retail follows rooftops," especially as evidenced by cities like Cleveland in recent years.
Governing
January 22, 2015, 12pm PST
Los Angeles officials are hoping to create an "Infrastructure Financing District" (i.e., tax increment financing) to help finance ambitious goals for revitalizing and restoring the Los Angeles River.
Los Angeles Times
October 15, 2014, 12pm PDT
Two and a half years after California shuttered its redevelopment agencies, cities are still grappling with the repercussions—from resolving the legal obligations of CRAs to searching for alternative methods of revitalizing areas in need.
The Planning Report
September 10, 2014, 2pm PDT
The old Civic Arena site, formerly the home of the Pittsburgh Penguin NHL team, will be redeveloped with the help of the city's largest-ever tax increment financing district.
Pittsburgh Post-Gazette
August 26, 2014, 8am PDT
An op-ed in the Chicago Tribune addresses the long history of tax increment financing abuse in Chicago, but supports a proposed TIF district for Washington Park.
Chicago Tribune
July 24, 2014, 12pm PDT
One writer takes issue with the city of Detroit's decision to subsidize a $450 million arena plan for the Detroit Red Wings. The Ilitch family, owners of the Detroit Tigers and the Detroit Red Wings, are worth $3.6 billion.
Deadspin
May 19, 2014, 12pm PDT
House Bill 1375 in Colorado would rewrite the rules of tax increment finance—sending more money to counties, which hope to gain more funding to provide for services. The bill awaits the signature (or veto) of Governor John Hickenlooper.
The Aurora Sentinel
November 15, 2013, 12pm PST
Chicago is America's undisputed leader in using tax increment financing (TIF) to spur economic development. But what is the city getting in exchange for its efforts to fight blight? A new paper says: Not much.
Chicago Magazine
October 18, 2013, 6am PDT
Aaron Renn asserts that Chicago mayor Rahm Emmanuel's misuse of tax-increment financing dollars is hurting the city's poor.
City Journal
April 11, 2013, 10am PDT
Larry Kosmont, CEO of Kosmont Companies, walks The Planning Report through the California Redevelopment Authority's liquidation timeline, with advice for the private sector on the State’s impending property divestment.
The Planning Report
May 31, 2012, 6am PDT
Daniel Denvir's article will have you thinking twice about whether your elected officials should be dedicating public resources to support the newest mega-project in your city as he explores "Great Moments in the History of Boondoggles."
The Atlantic Cities
May 23, 2012, 5am PDT
Bridget Moriarity profiles a public-private partnership that is working to bring increased density and walkability deep in the heart of Texas.
Next American City
April 25, 2012, 5am PDT
Eliot Brown explores how lower than expected tax revenues from the Power & Light District redevelopment project are forcing Kansas City to cut core services.
The Wall Street Journal
April 10, 2012, 7am PDT
A panel of distinguished Angelenos recently discussed the missteps that led to the dissolution of California's redevelopment agencies, the hole that their closure creates, and the possible paths forward.
The Planning Report
September 12, 2011, 2pm PDT
When governments use public money to woo national chains, economic growth and job creation aren't worth the cost, says Stacy Mitchell of the Institute for Local Self-Reliance. Independent retailers also suffer.
Business Week
June 1, 2011, 5am PDT
As redevelopment agencies face the chopping block in California, new legislation could allow tax increment financing districts to essentially replace them.
Bondbuyer
April 25, 2011, 6am PDT
It's at Albuquerque's edge, it's the size of Manhattan, and it's happening, despite drought, recession and tightening state budgets. An annotation of Mesa del Sol's master plan explains how and why.
High Country News
November 19, 2010, 10am PST
Five years ago, two developers got approval for tax-increment financing (TIF) projects in St. Joseph, Missouri. One was a success, the other a failure. What happened?
St. Josephs News-Press
May 20, 2010, 12pm PDT
A judge ruled that the state of California is allowed to pluck $2 billion out of local redevelopment tax increment funds. Redevelopment agencies ponder near-shutdown of new projects.
California Planning & Development Report