Tax increment financing or TIF is the primary tool that cities use to
help spur redevelopment in aging or deteriorating areas and to spark
new economic growth. In the city of Oshkosh, tax incremental financing
was used to improve several city projects.
“Our downtown convention center now has a hotel attached to it. We developed the Menomonie Nation Arena in downtown Oshkosh,” Mark Rohloff, city manager for Oshkosh said. “It’s brought people to downtown Oshkosh that would not have otherwise come.” ...moreKen Notes: Properly used TIF is a great tool. I wish we would revisit the statutes to make TIF more flexible and provide single project financing regardless of "district" with a strong development agreement component in place. | ||
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