TIFs-plank-Ravenstahl

== 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?===
Ravenstahl: "I would say it's very fair to say that my focus, when you look at tax-increment financing, will also include, and perhaps more so than some of the bigger projects, neighborhood revitalization projects in neighborhood business districts. I wouldn't rule anything out. Each project, and each opportunity, and each proposal for a TIF needs to be looked at equally.
"I would be hesitant [to subsidize retail development]. ... It would be a tougher sell for me on the retail side of things at this point. Just because we've approached that and tried that approach in the past and it's failed miserably."
==Links==
* TIFs
* Luke Ravenstahl
category:Planks_from_elsewhere