Village trustees approved $700,000 in tax increment financing (TIF) assistance Tuesday for The Vue, a mixed-use development at Arlington Heights and Higgins roads, to cover unexpected environmental and infrastructure costs.
The GermantownIndustrial Development Board unanimously gave a favorable recommendation to the city's first tax-increment financing (TIF) application during its Feb ... After the TIF, they would generate $1.15 million in local taxes per year.
eligible for TIF funding?” Feb ... During a period that began with 15 percent prime interest rates, the city managed to attract nearly $1 billion in private investment to that neighborhood with very little use of TIF projects, after 27 years.
Tax Increment Financing (TIF) is a complicated topic to understand ... TIF began in California in the 1950s ... To create a district, a taxing unit (city, town or county) designates a specific geographic area as a TIF district to support needed improvements.
It looks like the OU ArenaTIF (aka Rock CreekEntertainment District) has a new champion, Roger Denny, OU’s new athletic director. When asked about the proposed off-campus arena his battle cry was, “We’ll stay in the fight longer than ... .
The Oklahoma Supreme Court ruled Tuesday in an 8-1 vote that the gist of the referendum petition that would’ve sent the use of the Rock CreekEntertainment District tax increment financing district to a public vote was legally insufficient ... .
At its meeting on Monday, Batavia’s City Council approved a redevelopment agreement for the building, which includes a promise of almost $1.9 million in TIF, or tax increment financing, funds to help with the renovation costs.
9, to approve a TIF district in the northeast section of the city ... TIF districts allow a portion of property taxes to be reinvested, keeping funds within the boundary lines set by a municipality.