TIF transforms cities, but at what cost?
“Most people stare blankly if someone says the words “tax-increment financing.”
But without it, the Nuggets and Avalanche might not have a place to play, and we couldn’t scream our lungs out on the Mind Eraser.
Tax-increment financing, commonly referred to by its acronym, TIF, is one of the most commonly used urban-renewal tools in Colorado.
It played a role in building some of Denver’s most recognizable landmarks, including Pepsi Center and Elitch Gardens, and has also had a hand in more under-the-radar developments such as the California Street Parking Garage.”
Armbrister, Molly. Denver Business Journal 10 October 2014.