The Tiff Over TIFs
“In the last three years, some big building projects in Sioux Falls have gotten an extra incentive from the city: Tax Increment Financing. It’s a big name for big bucks that are reimbursed to the…
Does downtown Denver tax district take money from DPS?
“Denver City Councilman Paul Lopez at Monday’s council meeting made an impassioned speech against supporting the continuation of a series of downtown Denver tax districts that could raise and expected $65 million for downtown improvements….
Denver City Council gives initial OK to funding new downtown projects
“The Denver City Council gave initial approval Monday to extending tax-increment funding that paid for downtown projects two decades ago to build new projects in the city’s core. In 1992, the city issued $60 million…
Trying to find the truth about TIF
“But the full impact of Coralville’s use of TIF and the effect tax increment finance districts have on surrounding school districts, residents and the county isn’t exactly cut and dry. The main question among city…
More hotels join anti-Gaylord lawsuit; eco-devo panel backs funding
“Three more hotels joined the lawsuit to stop the Aurora Gaylord hotel project from receiving state tax-increment financing Thursday, even as the Colorado Economic Development Commission officially approved a resolution for developers of the hotel/conference…
Denver council panel advances tax-finance changes for downtown projects
“A Denver City Council committee Tuesday approved several ordinances that would create a downtown Denver tax increment financing (TIF) district, from five existing ones, to help pay for eight improvement projects. The combined TIFs are…
Taming Chicago’s $1.7 billion TIF monster
“Many TIFs across town have achieved their goals. They have produced modernized factory districts, revitalized stores in neighborhoods that retailers had shunned and helped preserve historic buildings. But TIFs also have been used to subsidize…
Urban Renewal revisits Copper Ridge plan
“At its regularly scheduled meeting on Aug. 28, the Colorado Springs Urban Renewal Authority board approved the Copper Ridge Redevelopment Plan on a narrow 5-3 vote. Of the nine active urban renewal projects approved by…
Eight hotels sue to overturn incentives for Aurora Gaylord hotel project
“A group of eight Front Range hotels filed a lawsuit late Wednesday asking that the Colorado Economic Development Commission (EDC) force Aurora to reapply for a state tax break it wants to encourage the construction…
Colorado Legislature might curb multimillion-dollar incentives to big business
“Tax breaks, such as the $53 million Fort Collins has pledged to developers of Foothills Mall, would be more difficult to get in Colorado under legislation expected to be introduced next year. Statewide, nearly $1.4…