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Definition – Tax Increment Finance District – Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment with a blighted area that has been designated to be in need of economic revitalization. Similar or related value capture strategies are used around the world.
AMPLE EXAMPLE – The Broken Arrow Arrow Rose District
AMPLE EXAMPLE – The Brookover Corner project – https://www.brookovercorner.com/
AMPLE EXAMPLE – The Tulsa Hills shopping development