Council panel votes for west-side TIF districts, including one for Infosys site
The council’s Metropolitan and Economic Development Committee voted unanimously to approve the creation of the two new tax-increment financing districts.
TIF districts
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City asks developers to make local hires in downtown TIF
Indianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers, city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent of their work force comes from within the expanded TIF area.
Neighborhoods back new ‘north-midtown’ TIF area
The Indianapolis City-County Council will have more than one big tax-increment finance issue to consider at a meeting Monday night. A new TIF district stretching from Fall Creek to White River along College Avenue will be introduced.
EDITORIAL: Stop obstructing TIF projects
We applaud the move by certain Democrats on the City-County Council last month to advance a proposal to expand the downtown tax increment financing district. Now we’re counting on the full council to pass it when it’s eligible for consideration at the council’s Sept. 17 meeting.
EDITORIAL: Time to break TIF logjam in Indianapolis
Republican Mayor Greg Ballard’s aides says delayed action on funding proposals could jeopardize pending economic development proposals.
TIF study highlights district shortfalls
The tax-increment finance district created around the former United Airlines maintenance hub at Indianapolis International Airport doesn’t generate enough revenue to meet its annual debt payment. Neither do several other area TIF districts.
EDITORIAL: Time to put TIFs in the spotlight
TIF proponents argue that the new private-sector developments—from the JW Marriott downtown to the Dow AgroSciences expansion on the northwest side—wouldn’t happen without the incentives.
Councilor seeks review of city’s TIF-district strategy
Brian Mahern, a Democrat on the City-County Council, plans to propose a study commission to examine the effectiveness of TIF districts, how property tax caps will affect them, and ways to increase transparency for the complicated financing vehicles.
KENNEDY: TIFs have gone from good idea to bad
The Ballard administration is proposing to turn large swatches of the urban core into TIFs, robbing school districts and libraries of desperately needed revenue.
EDITORIAL: Sports venues catch a break
It’s been a good month for the city’s old sports venues—some of which, in a relatively short time, went from being the darlings of the city’s amateur sports movement to easy targets for the wrecking ball.
Indianapolis eyes TIF surplus to shore up city coffers
The city is considering ways to channel money captured for economic development in some of its 22 tax-increment-financing districts to units such as libraries and city-county government.
New TIF districts could spur urban development
Indianapolis leaders have targeted four core urban areas for renewal, taking steps to create new tax-increment-financing districts to seed economic development there.
Expanding tax breaks could be a tough sell in Marion County
Republicans who now control the Indiana House are poised to push reforms next year that would strengthen local governments’ ability to offer businesses tax abatements. But the changes might be met with caution in Marion County.