Positives About TIF Districts

Please use RichmondTIF.com as a resource to form your own opinion.

Advantages/Disadvantages Of TIFs

Most TIF Districts are established with good intentions. If a TIF is followed through without giving in to grand development ideas it could be a very good thing. We are currently searching for actual positive results. Results where private homeowners and small business have NOT been forced out to make way for big business.

Positives for some...  The Winners!

Visit this link to Automotive Digest for a car dealer's perspective on how great a TIF is

.Local Governments Help Small Businesses Expand Via Tax Increment Financing

This is a company that specializes in consulting to developers about setting up TIFs.  See what they say they can get done for a developer. Rainmaker Marketing Corporation

TIF Successes

Lake Street rehab ahead of schedule (Antioch) News Sun

Renaissance Delafield, WI

Chic shops. Antique stores. Trendy cafes. Upscale destination. Today, Delafield is enjoying the revival of its downtown.

mountprospect.org/business/incentives Businesses locating within the downtown TIF District may be eligible for a Facade Improvement and Interior Build Out Grant.

As Reported in the St. Louis Business Journal

Chesterfield paying down extra $11 million in bond debt

Illinois Tax Increment Association newsletter spring 2005

TIF Research: The Entire Community Benefits
Public Finance Review (Nov 1998) found that despite the large number of state initiatives and TIF’s increasing popularity, few statistical studies have been conducted to examine the direct effect of TIF programs from an economic perspective. They examined the effect of TIF plans on property value, comparing pre-TIF and post- TIF property values from a sample of Indiana communities, and found that the TIF program increased median owner occupied housing values in a TIF adopting city by 11% relative to what would have been the case without the TIF. Their findings suggest that the TIF program effectively stimulates property value growth in an entire community, not just within the TIF project area.

We attempted to find the above mentioned article through the Public Finance Review, however their on-line archives to not go back that far (Nov 1998)

Opinion: this is code for: your property taxes are going to go up!

Illinois Municipal Review newsletter April 1990

Page 6 (page 10 of document) features an article titled: In Defense of TIFs - A South Suburban Municipal Perspective