$47 million for 9th and Colorado redevelopment gets preliminary approval
“Denver City Council’s finance and services committee Tuesday gave unanimously preliminary approval for a $47.9 million incentive package for the Ninth and Colorado redevelopment site. The incentive package still needs to be approved by the…
California’s New Tax Increment Financing Law Could Unlock Billions of Dollars
“When California Gov. Jerry Brown signed a new law on Sept. 29 to facilitate infrastructure financing, he gave hope to people in the Golden State and beyond that local governments would pick up where constrained…
Enhanced Infrastructure Financing District Legislation Brings Back Tax Increment Financing to California
“Tax increment financing is back in California. Tax increment makes its comeback through the passage of Senate Bill 628 (Beall), legislation authorizing the creation of Enhanced Infrastructure Financing Districts (EIFDs), which was signed into law…
Audit cites ‘inadequate oversight’ in state economic development program
“A report released Tuesday by the Utah state auditor calls for more statute clarity, consistent administration and transparency in a corporate incentives program through the Governor’s Office of Economic Development. The Corporate Recruitment and Incentives…
Denver, 2 other Colorado cities will duke it out for state tourism funding
“It looks like Denver will have some competition in its attempt to get Regional Tourism Act funding for its planned revitalization of the National Western Stock Show complex. Three groups of local governments have begun…
Is a City Revitalization & Improvement Zone the same as a tax-increment financing district?
“Is a CRIZ the same as a tax-increment financing district? No. Tax-increment financing (TIF) districts work off a similar concept: finance development by borrowing money repayable with the extra taxes generated by that development. The…
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…
Tracy Huggins of DURA explains TIF (Video)
“Tax-increment financing has been in use in Colorado for decades, in many cases boosting both property values and tax revenue for local government. But TIF doesn’t always work, and some counties complain it costs them…
Denver’s urban renewal areas of the future
“It takes times to start seeing returns on urban renewal areas (URAs) after the initial investment takes place. But the Denver Urban Renewal Authority has approved some newer URAs that it hopes will show returns…
Eminent domain off the table for urban renewal in Littleton
“The debate over urban renewal and eminent domain continues to simmer in Littleton. Previously, a group began collecting signatures for a ballot petition that would allow Littleton residents to vote on condemnation and tax increment…