Development and the Art of Tax Increment Financing (or DIF in MA)

APA Connecticut Chapter

#4197160

Friday, September 25, 2015
9:45 a.m. - 11 a.m. EDT

CM | 1.25

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Overview

Tax Increment Financing (TIF) - or District Increment Financing (DIF) in MA - is a powerful tool for redeveloping blighted properties, but can be difficult to implement. This session will walk planners through two real world projects where a developer and planners worked together to rehabilitate two vacant mills. Opportunities related to new TIF legislation in Connecticut will be presented as well. This session will provide planners with alternate ways of using TIF/DIF to encourage redevelopment of blighted properties. TIF is relatively under-utilized in New England states compared to other areas of the country, particularly the Midwest (although new legislation in CT may change that). This session will demonstrate how planners can use TIF as a concept if not a formal administrative process to enable projects in their community.