TIFs-plank-Peduto

== Statement to the P-G on March 4, 2007 ==
===How should the city use tax-increment financing (TIF), a development tool in which money borrowed against future taxes is used to fund new development?===
Peduto: "Retail does not create economic growth. And when we invest in retail for malls and big-box shopping centers, we're just taking it away from somewhere else.
"There have been countless examples from cities across the country and other municipalities that have limited the use of TIF dollars. They have banned the use of TIF dollars for retail purposes. They have put on additional requirements so the TIF dollars only are used in the strictest of terms for public infrastructure.
"[This is] what I see the use of TIFs to be for the future of the city of Pittsburgh: We still have many abandoned and many industrial sites that need reclaimed."
==Links==
* TIFs
* William Peduto