Tax Increment Financing (TIF) is a public financial tool cities, towns, and counties use to stimulate development and redevelopment in specific areas. This mechanism allows for the reallocation of ...

LAKEWOOD, Ohio -- What’s billed as one of the biggest economic development projects in Lakewood’s history will also include the use of tax increment financing (TIF). CASTO Communities and North Pointe ...

Since the KFC Yum! Center has existed, there has been a Tax Increment Financing provision, or a TIF. This TIF allows state taxing bodies to work together to invest in an area's development or ...

CHICAGO (CBS) --The Chicago Teachers Union wants the city to take money used to entice developers and re-direct it to Chicago Public Schools, saying it could generate $1 billion for the school ...

Homewood officials have approved a new tax increment financing district that takes in property along the Halsted Street commercial corridor and includes the vacant Walmart property, empty for nearly ...

Carpentersville has annexed 147.9 acres along the Randall and Huntley roads with an eye towards creating a new Tax Increment Financing district to spur development. Agreements for the most recent two ...

Note: This story was updated to clarify the taxes paid by the property owner in a tax increment financing district. Two upcoming Wawa stores have new tax agreements with Colerain Township. On Oct. 22, ...

AVON, Ohio -- The city is moving forward with the establishment of a residential tax increment financing (TIF) district in a development near Nagel Road. The TIF district is a first for Mayor Bryan ...

ROCK ISLAND, Ill. — Rock Island City Council approved the expansion of the Bally's Casino TIF District Monday evening. The tax increment finance district already holds funds generated from the casino ...

LEGISLATION COULD LOOK LIKE. WELL, AUBURN RESIDENTS WANT ANSWERS. AFTER THE STATE AUDITOR QUESTIONS THE CITY’S TIF PRACTICES. HE SAID EARLIER THIS WEEK THAT THE CITY OVER COLLECTED TIF MONEY AND ...

FORT WAYNE, Ind. (WANE) — The Fort Wayne Redevelopment Commission gave its annual report of Tax Increment Financing Districts (TIFs), given every year in June. TIF is a tool used to redevelop ...