County Commission approves tax incentive for Lakeland Gateway
The County Commission approved a new TIF for the area of Lakeland north of Interstate 40 and Canada Road, a benefit that should enhance the area.
Topic: tax increment financing
RSSThere are 23 article(s) tagged tax increment financing:
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February 2023
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Lakeland seeks third TIF district
Lakeland officials have endorsed a third TIF to enhance the northern gateway into the suburb from the Interstate 40-Canada Road junction.
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December 2022
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City Council passes Klondike tax vote, but residents’ concerns remain
The unanimous Memphis City Council vote approving the tax increment financing district in Klondike follows months of delay. Debates about residents’ displacement and representation will stick around into the new year.
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Despite concerns, Commission approves Klondike financing
The Shelby County Commission passed the TIF trust fund to collect increased property city and county property taxes and use the revenue for Klondike redevelopment. The plan next goes before the Memphis City Council.
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March 2022
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City Council questions Soulsville TIF
Several Memphis City Council members said Tuesday, March 22, they don’t think it is large enough or generates enough property tax increment to get much going in terms of economic development in the Soulsville area.
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A guide: Making sense of economic development terms
Don’t know the DMC from the MLC, or the CCRFC from the CBID? Here’s a quick guide to some commonly used business and economic development terms and organizations.
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December 2021
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Bartlett approves special-use permit for Union Depot
Bartlett Board of Mayor and Aldermen approves developer Keith Grant’s plan for the former Tennessee Baptist Children’s Home property.
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County commission approves economic impact plan, TIF district for Union Depot
On Monday, Dec. 6, the Shelby County Commission approved the Economic Impact Plan for Union Depot, which in the process approves a TIF district for the project.
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November 2021
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Bartlett IDB approves city’s 1st TIF project
Industrial Development Board endorses a tax increment financing proposal for Union Depot, a mixed-use project at the old Tennessee Baptist Children’s Home site in Bartlett.
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May 2021
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Proposed South Memphis TIF district could generate $93M for improvements
Residents polled in South Memphis identified blight removal as the No. 1 issue they’d like TIF money to address, but also affordable housing, stronger local retail, and improved streets and sidewalks.
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December 2019
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Raleigh TIF approved, officials look to next steps
The TIF could potentially generate $1 million in annual additional property tax revenue pending further investments in Raleigh.
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November 2019
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County Commission committee recommends Raleigh TIF proposal
The full Shelby County Commission is set to vote on the Raleigh TIF district Nov. 18 and Memphis City Council must also approve it before it goes into effect.
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Uptown TIF expansion includes 3 North Memphis neighborhoods
The Uptown TIF expansion will include the New Chicago, Smokey City and Bickford neighborhoods. The expansion is set to go into effect Jan. 1.
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October 2019
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New commercial development planned in proposed Raleigh TIF district
The new development will be known as the Marketplace at Raleigh. Marketplace Development LLC has letters of intent from two national restaurants to locate in the development.
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Raleigh TIF proposal generates excitement, potential for neighborhood
The Raleigh TIF is the first proposed TIF in the neighborhood and is centered around the Raleigh Springs Town Center development along Austin Peay Highway.
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EDGE board to vote on implementing TIF district in Raleigh
A portion of the property tax revenue in the TIF district would go toward funding streets, sidewalks and other infrastructure needs in Raleigh.
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Uptown TIF expansion approved by Shelby County Commission
The Shelby County Commission has approved on third and final reading an ordinance to grow the Uptown TIF district to include more communities in North Memphis.
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Uptown TIF expansion moves toward final vote by Shelby County Commission
An ordinance to expand the Uptown TIF district was approved on third reading Wednesday by a Shelby County Commission committee. Final approval of the TIF district increase would make residents in the expanded area eligible for improvement grants.
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September 2019
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When developers seek incentives should officials check their backgrounds?
Extra to our Special Report: Unlike Memphis, some cities dig deep into the backgrounds of developers seeking public incentives.
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Raleigh TIF moving toward goal of end-of-year approval
A Raleigh tax increment financing – or TIF – district with Austin Peay Highway as a corridor for mixed use development could be in place by the end of the year.
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March 2019
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City and Graceland break standoff over Whitehaven expansion minus arena
The city and Graceland appear to have an agreement that allows the Graceland master plan to move ahead in some form beyond litigation over an arena that has been a part of the plan.
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December 2018
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Committee recommends TIF for $950 million Union Row development
A Shelby County Commission committee is recommending the creation of a tax increment financing district to fund public infrastructure for the $950 million Union Row project, though two commissioners expressed concerns about minority- and women-owned business involvement and gentrification. -
Union Row project clears initial 30-year TIF approval
The first phase of Union Row, the $950 million mixed-use project along Union Avenue, is one step closer to securing the tax revenue it needs to fund public infrastructure improvements.
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