Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Using TIF to Promote Healthy Communities

2,234 views

Published on

This presentation provides a history of tax incremental financing in Wisconsin, trends in its use, recent changes and best practices in using TIF to promote development that can lead to healthier communities.

Published in: Government & Nonprofit
  • Be the first to comment

  • Be the first to like this

Using TIF to Promote Healthy Communities

  1. 1. Using TIF to Promote Healthy Communities WAPA Conference Presentation June 13, 2013
  2. 2. TIF History
  3. 3. Past & Current Use of TIF TID Type # Active % TIDs pre-10/1/95 213 18.7% Blight 268 23.5% Rehab/Cons 101 8.9% Industrial post ‘95 193 16.9% Industrial post ’04 77 6.8% Mixed Use (‘04) 203 17.8% Environmental 16 1.4% Town Ag 3 0.3% Total 1,074 Severely 9 0.8% Distressed Distressed 56 4.9% 1995 – 835 TIDS Created, 408 were still active
  4. 4. Recent Changes • Sharing Revenue Between Districts • ½ Mile Radius • 1 Year Extension – Fund Low-Cost Housing • Town TIF – TAF • Town TIF – Cooperative Boundary • Multi-Jurisdictional TID
  5. 5. Applications: Healthy Communities Prairie du Chien TID #5 Workforce Housing – transfer funds from ind TID to ind TID for low-cost housing – City is developer – energy star homes – bike connection to high school High School Bike Trail Universial Forest Products 100 Emp. 37 Single Family Lots
  6. 6. Applications: Healthy Communities Shorewood Hills Marshall Court
  7. 7. Applications: Healthy Communities Shorewood Hills Marshall Court Before After
  8. 8. Applications: Healthy Communities Cambridge Vacant Melster Candy Property • “Hole in the donut along Koshkonong Creek • Senior housing redevelopment proposal • No bridge connection to downtown - creates a divided community from a pedestrian perspective • No community connections to regional bike trails
  9. 9. Applications: Healthy Communities Cambridge • TID driven by redevelopment of Melster Candy site • Connect site & west side with downtown • Connect regional bike trails Connection to Glacial Drumlin Trail Safe bike crossings of Hwys 12 & 18 • ½ mile radius Existing Cam-Rock Trail
  10. 10. Applications: Healthy Communities Monona • Housing stock – 1950’s; not meeting needs of modern households • Losing residents to communities w/ newer homes • TID #3 closing – generating $120,000 • Kept TID open 1 year – revenue used to fund Renew Monona
  11. 11. Applications: Healthy Communities Concept: Town TIF for Farmland Preservation
  12. 12. Applications: Healthy Communities • Town Cooperative Boundary TID • Multi-Jurisdictional TID
  13. 13. Questions? Gary Becker, CEcD Vierbicher 999 Fourier Dr., Suite 201 Madison, WI 53717 (608) 821-3941 gbec@vierbicher.com www.vierbicher.com

×