Podcasts about tax increment financing tif

Tax Increment Financing (TIF) districts are a type of economic development tool in which cities use a property tax increment to help finance development projects. A property tax increment is the amount of property tax generated above a base level, which is established when the city creates the district. We contacted the 10 largest cities in Kansas to generate a list of past and present TIF districts. From this list, we selected 6 districts to evaluate their economic costs and benefits. We selected 2 districts from Wichita, and 1 district each from Kansas City, Olathe, Topeka, and Salina. For each of these districts, we estimated the impacts they had on property values, taxes, development, employment, and crime. We also evaluated whether the costs to the city were recovered timely for these districts. We found that 3 of 6 districts did not recover their costs timely. Further, we found that most of these TIF districts likely experienced economic benefits from increased property values and taxes, increased development, or increased jobs. However, we were unable to directly compare these benefits to the costs because they could not be readily quantified. Whether a TIF district was worth its financial costs is often subjective and project-dependent. We also evaluated the school districts where these 6 TIF districts were located to determine what financial costs they may have imposed on those school districts. We found that all 6 TIF districts were too small in scale to have a significant negative impact on school district funding.

Lincoln Nebraska may not be the first city that comes to mind when you think of climate action, but maybe it should be. We interview Kim Morrow, Chief Sustainability Officer for Lincoln, about some exciting city programs, including EV infrastructure, an innovative approach to Rental Rehabilitation using Tax Increment Financing (TIF), heat pump rebates, and biochar as well as their efforts on the EPA's Climate Pollution Reduction Grants.  ResourcesResilient Lincoln web page (Resilient Lincoln is the name of the Mayor's priority initiative that involves implementing the Climate Action Plan)Lincoln's Vision for a Climate-Smart Future (this is the background study behind the Climate Action Plan)Climate Action PlanEV Readiness PlanPress release regarding the Rental Rehabilitation ProgramHeat pump incentive programPress release announcing the programHeat pump incentive program web pageLincoln Electric System Sustainable Energy ProgramLincoln Biochar InitiativeLocal Food Plan

In this encore episode from 2022, Dane talks with Emily Blaylock, Senior Vice President and Chief Lending Officer for Northwest Bank about Tax Increment Financing (TIF). Northwest Bank & Trust Company is an entrepreneurial bank that has built an Economic Development Division to help developers and municipalities get projects done around the US. They utilize Tax Increment Financing incentives designated from the municipalities to give developers funds upfront. These funds can be used to provide gap equity, expansion of existing sites, investment in other projects, working capital needs, or tenant improvements. Currently, they have completed projects in 8 states and over $400 million in funding. Their team has over 100 years of combined education in economic development and banking to help structure these loans. Update: Since this episode originally aired, Emily is now the CEO of Untamed Equity (https://www.untamedequity.com/), a company dedicated to bridging the gap between development projects and the equity needed to complete them. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Emily Blaylock.

In this episode of Location3, a Weaver: Beyond the Numbers podcast, Howard Altshuler and Aaron Grisz delve into the dynamic world of Fort Worth real estate with guests Will Northern and Michael Crain from Northern Crain Realty. They discuss the evolution of the Fort Worth area, the impact of real estate development on the community, and share insights into the future of the city's landscape.Key Points: • Urban drilling during the Barnett Shale boom led to complex real estate transactions and contentious land assemblages in Tarrant County.• Tax Increment Financing (TIF) helped revitalize Fort Worth's older buildings, contributing to the city's development and preserving its historic character.• Northern Crain Realty's expanded services include commercial brokerage and property management.This episode provides an insightful exploration of Fort Worth's real estate sector, highlighting the experiences of Northern Crain Realty. The discussion sheds light on various aspects of real estate development, including the balance between residential, commercial, and property management, and how these facets contribute to the city's development and community enrichment. "It's not easy to be a real estate developer whatsoever,” Northern remarks. “There's a lot of elements at play.” "You have to really figure out what is your passion... It's not just about being involved because you're always looking for business," Crain adds.Subscribe and listen to future episodes of Location3, a Weaver: Beyond the Numbers Podcast, on Apple Podcasts or Spotify.©2023

"Minute with Mayor Mike Wilson" News Director Greg Taylor talks with Janie Farrar, City Council President Pro Tem & Council Member At Large, filling in for Mayor Mike Wilson. They talk about public comment, 90 minutes worth, and council discussion and decision concerning Three Rivers Community Action's plans for a 48-unit modest-income housing project near Walmart on Technology Drive, including 12 supportive units. The vote was 4-3 in favor of pledging support toward donating land and creating a Tax Increment Financing (TIF) district for the project. Commented on length of meeting, 5 hours, 20 minutes. Also, last Thursday was League of Minnesota Cities City Day on the Hill. Janie, along with Administrative Business Director Marshall Hallock and City Council members Kim Beise, and Vicki Jo Lambert visited the State Capitol to connect with our state representatives and advocate for our community.

Xiao Ou Yuan is the Managing Director of Hageman Capital, and manages the day-to-day operations, as well as leading all bond structuring and negotiations for the Hageman Capital portfolio. In today's episode, Xiao will break down what Tax Increment Financing (TIF) is, and how it can help both developers and municipalities.   “Some of the more TIF forward municipalities have been very successful in building these vibrant communities and vibrant downtown areas.”   Timestamps: 0:01 What's changing in the real estate market  0:59 Xiao's introduction to tax increment financing and how it's used to spur economic development.  6:16 How do you approach a city to get a TIF?  11:26 How did you get involved in this field? 13:56 What is a bond and how does it play into your forward capital stack? 19:28 How do you use a TIF to pay property taxes? 24:08 A real-world example of a multifamily deal. 29:27 What have you seen in the long-term when you've been involved in buying communities?  34:35 How do they work with developers? 39:05 How do you know how to proposition the city with a project?   Website: https://hagemancapital.com/ LinkedIn: https://www.linkedin.com/in/xiao-ou-yuan-a6550034/  

Today, Xiao Ou Yuan talks about investing in Tax Increment Financing (TIF) bonds and how they can give you cash flow while offering liquidity for commercial real estate developments. Start impact investing today and learn how TIF completes a project's capital stack and the growth opportunities it can bring to local communities!   Key takeaways to listen for  When can you consider a nonrated bond risky How to make money from investing in bonds The usual size of development projects that are great for TIF bonds A basic overview of bonds What to expect when purchasing TIF bonds   About Xiao Ou Yuan Xiao Ou Yuan is the Managing Director of Hageman Capital and manages the day-to-day operations, leading all bond structuring and negotiations for the Hageman Capital portfolio. Hageman Capital is a purchaser of single-site, developer-backed TIF bonds. They structure the bonds in a way that maximizes the cash available to invest in the real estate project. As a result, their structure allows for better financing by decreasing the debt burden on real estate development, enabling greater odds of success for developers, investors, and the community. Before joining Hageman Capital, Xiao was a Principal at Fifth Third Securities, a regional investment banking firm primarily focused on high-yield TIF and municipal bond transactions in the Midwest. Xiao is a graduate of Indiana University with a Bachelor of Science in Public Administration and a Master's in Public Affairs. Xiao is civically involved in many non-profit organizations in the Central Indiana community. He is an active member of the Penrod Society and serves on the boards of the Center for Performing Arts, University High School of Indiana, Reach for Youth, and Carmel Clay Public Library. Xiao also serves on the finance committee for Benjamin Harrison Presidential Site.   Connect with Xiao Website: Hageman Capital | Hageman Group LinkedIn: Xiao Ou Yuan | Hageman Capital   Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com.  Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. If you want to get involved in larger projects and grow your network with like-minded people, be part of the next BDB mastermind session in Guadalajara, Mexico on February 9 - 11, 2023. To join, go to https://javierhinojo.com/mastermind/ or https://javierhinojo.com/mm-spanish/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form.   Follow Me on Social Media Facebook: Javier A Hinojo Jr. Facebook Group: Billion Dollar Multifamily and Commercial Real Estate YouTube Channel: Javier Hinojo Instagram: @javierhinojojr TikTok: @javierhinojojr Twitter: @JavierHinojoJr

In this episode of Baird Holm Banter, David Kramer is joined by Michael Sands to discuss how Tax Increment Financing ("TIF") works, how it benefits cities and developers, and some of the common misconceptions related to its use.

About the guestAlicia Wilson, Esq. is Vice President of Economic Development for Johns Hopkins University and Johns Hopkins Health System and Associate Professor in the Johns Hopkins Bloomberg School of Public Health, in Baltimore, Maryland. At Johns Hopkins, Alicia leads a core team focused on developing and implementing Hopkins' institution-wide strategies and initiatives as an anchor institution in and around its campuses both within the United States and abroad.  Alicia spearheads the elevation and expansion of Hopkins signature commitment to its communities through investments in real estate, economic and neighborhood development, healthcare, and education.  Prior to joining Hopkins, Alicia served as the Senior Vice President of Impact Investments and Senior Legal Counsel to the Port Covington Development Team.  Port Covington is a 235-acre redevelopment project located in Baltimore, Maryland and is one of the largest urban revitalization efforts in the United States.  As Senior Vice President of Impact Investments and Senior Legal Counsel, Alicia ensured that the $5.5 billion Port Covington Development Project generated a measurable beneficial social and environmental impact alongside a financial return for its equity investors in the project (i.e. Goldman Sachs, Kevin Plank, and other equity investors).  She led a team focused on measuring and reporting the social and environmental performance and progress of the Port Covington Project to maximize both performance and impact, while ensuring transparency and accountability to stakeholders.   Prior to being promoted to Senior Vice President of Impact Investments and Senior Legal Counsel, Alicia served as Vice President of Community Affairs and Legal Advisor to Sagamore Development Company, a Plank Industries Company.  During the 2016 Baltimore City Council legislative session, Alicia drafted key pieces of Tax Increment Financing (TIF) legislation and served as the principal negotiator of the TIF legislation and the two largest Community Benefit Agreements in the history of Baltimore associated with the passage of a $660 million TIF bill, the largest TIF awarded in the history of the United States at that time.  The negotiations of the community benefit agreements involved over 200 stakeholder groups representing tens of thousands of residents from across the City of Baltimore.  Prior to joining Sagamore Development Company, Alicia was partner at the downtown Baltimore law firm of Gordon Feinblatt — the sixth-largest, law firm in the state of Maryland.  When Alicia made partner on the eve of her seventh year of practice, she made history by becoming the first African-American to be named partner in the sixty-year history of the firm.  Alicia is a talented trial attorney and sought-after legal advisor to individuals and business owners on all aspects of real estate, financial services, and employment and labor law matters.  In her legal practice, Alicia established herself as a strategic communicator, shrewd negotiator and savvy architect of complex deals involving multiple of stakeholders and robust community engagement.    Alicia is actively involved in civic and charitable organizations.  She currently serves on the boards of the Center for Urban Families, the University of Maryland School of Law Board of Visitors, the Walters Art Museum, and the National Diverse Attorney Pipeline Program. Most notably, Alicia was recently elected as Chair of the CollegeBound Foundation and as such is the first CollegeBound Foundation alum, first woman, first African-American and youngest Board Chair in the thirty history of the organization.  Alicia also serves as Parliamentarian within the Harbor City Chapter of the Links, Incorporated and is a proud member of Delta Sigma Theta Sorority, Incorporated.   Alicia is a graduate of the University of Maryland Baltimore County (UMBC) and the University of Maryland Francis King Carey School of Law.  At the University of Maryland Baltimore County, Wilson was a Blaustein and Sondheim Public Affairs Scholar and, in 2003, was named the Harry S. Truman Scholar for the state of Maryland. She is the first student in the history of UMBC to be awarded this honor. Alicia was named the 2004 Andrew Levy Leadership Scholar at the University of Maryland School of Law.  In late 2004, she was also named the 2004 George L. Russell Scholar at the School of Law.  While in law school, Alicia served as the co-captain of the Maryland Law National Trial Team and led her team to be ranked the number one trial team in the country. For her accomplishments and public service, Alicia has received numerous awards and honors.  Most recently, Alicia received the 2021 Humanity of Connection Award from AT&T for her commitment and leadership in advancing anchor strategies that elevate and expand communities through economic development, healthcare, and education. She was also recognized, in 2021, by Black Enterprise as one of the 40 leaders under 40 who are “changing the world at local, national, and global levels.” Her work within Baltimore was also recently honored by the Junior League of Baltimore naming Alicia their Inaugural Woman of Distinction.  In 2020, Alicia was named to the Maryland Daily Record's 2020 VIP List, the National Bar Association's 2019 40 Under 40 List of the Nation's Top Advocates, the 2019 Whitney M. Young Award Recipient by the Greater Baltimore Urban League, a 2019 Distinguished Women by the Girl Scouts of Central Maryland, and as one of Maryland's 2019 three most inspiring voices by Community Law In Action.  In 2018, Alicia was recognized as an Unstoppable Women by the UWAC Collective, as one of two Power Women of the Year by the Baltimore Leadership School for Young Women, and as Community Advocate of the Year by the Baltimore City Chamber of Commerce.Her professional and civic leadership have propelled her to the forefront of local and national media attention.  Most recently, Alicia was named by the Afro-American Newspaper as the Newsmaker of the Year for 2021.  In late 2021, Alicia was featured in Baltimore Style Magazine as one of Baltimore's Six Women of Strength for her leadership and civic involvement. In 2020, she was recognized as one of the Top 25 Emerging Leaders in Healthcare by Modern Healthcare, by Baltimore Magazine as one of the 30 Women Shaping the Future of Baltimore, and by the Maryland Daily Record as one of Maryland's Very Important Professionals in Business.  In 2019, Alicia was profiled in Forbes magazine as the “The Black Millennial Lawyer Making Michelle Obama More Accessible to Baltimore's Youth” and Savoy magazine named her one of the “Most Influential Women in Corporate America.” Also, in 2019, Alicia was featured in the Maryland Daily Record as one of the Top 50 Influential Marylanders.  In late 2018, the National Business Journal named Alicia as one of the nation's Top 50 Influencers under 40 and in that same year Black Enterprise produced a television feature on Alicia for her work in securing the $660 million tax increment financing for the Port Covington Project.  In early 2017, Wilson was featured and honored by WBFF Fox 45 as one of Baltimore's four Champions of Courage.  And, in 2016, the Baltimore Sun profiled Alicia as one of “Baltimore's 25 Women to Watch.”  The Truth In This ArtThe Truth In This Art is a podcast interview series supporting vibrancy and development of Baltimore & beyond's arts and culture.Mentioned in this episode:Hopkins Connects - Entrepreneurship MattersTo find more amazing stories from the artist and entrepreneurial scenes in & around Baltimore, check out my episode directory.Stay in TouchNewsletter sign-upSupport my podcastShareable link to episode★ Support this podcast ★

Dane talks with Emily Blaylock, Senior Vice President and Chief Lending Officer for Northwest Bank about Tax Increment Financing (TIF). Northwest Bank & Trust Company is an entrepreneurial bank that has built an Economic Development Division to help developers and municipalities get projects done around the US. They utilize Tax Increment Financing (TIF) incentives designated from the municipalities to give developers funds upfront. These funds can be used to provide gap equity, expansion of existing sites, investment in other projects, working capital needs, or tenant improvements. Currently, they have completed projects in 8 states and over $400 million in funding. Their team has over 100 years of combined education in economic development and banking to help structure these loans. Special Guest: Emily Blaylock.

E66: Let's talk TIF, Nose Picking Groene, and More! Join special guest host, Megan Stock, and lets talk Tax Increment Financing (TIF). TIF is a powerful tool used by cities for public development, but has not had the impact on the areas of greatest need as intended. Megan is reading: Life and Death of the American City by Jane Synder *Support the pod for just $5/month at https://www.patreon.com/seeingrednebraska. *Support SeeingRedNE and independent bookstores by purchasing books with our link. You can find all the books we've recommended on the pod! https://bookshop.org/shop/seeingrednebraska Social Media links: https://seeingrednebraska.com seeingredne@protonmail.com Tweet@seeingredNE FB@seeingrednebraska Instagram @seeingrednebraska Additional Reading: Bills would add needed oversight to Tax Increment Financing https://www.openskypolicy.org/policy-brief-bills-would-add-needed-oversight-to-tax-increment-financing The Hidden Costs of TIF:Reconsidering a Vaunted Economic Development Tool https://www.lincolninst.edu/publications/articles/hidden-costs-tif Omaha City Council Approves 17.5 million TIF for Casino. https://omaha.com/news/local/govt-and-politics/omaha-city-council-approves-17-5-million-tif-plan-for-casino-at-horsemens-park/article_01717068-e992-11eb-94bf-3f4fb4911828.html Omaha 2020 TIF Report https://planninghcd.cityofomaha.org/images/TIF_Documents/FINAL_DRAFT_2020_TIF_Report.pdf TIF in Nebraska: IS THE COMMUNITY DEVELOPMENT LAW BROKEN OR ARE PROPONENTS OF REFORM MERELY PLAYING A BROKEN RECORD ON REPEAT https://dspace2.creighton.edu/xmlui/bitstream/handle/10504/87852/49CreightonLRev651.pdf?sequence=1 EMINENT DOMAIN AS ENCLOSURE MOVEMENT: THE PRIVATIZATION OF LAW UNDER NEOLIBERALISM https://fau.digital.flvc.org/islandora/object/fau%3A31304/datastream/OBJ/view Tax Increment Financing: Public Use or Private Abuse? Alyson Tomme https://core.ac.uk/download/pdf/217204367.pdf “TIFues”: An Examination of the History and Current Issues in Tax Increment Financing Richard T. Wagner https://mospace.umsystem.edu/xmlui/bitstream/handle/10355/41413/WagnerTifExaHis.pdf?sequence=3&isAllowed=y Lincoln, NE Redevelopment Process Flow Chart https://www.lincoln.ne.gov/files/sharedassets/public/urban-development/tif-process.pdf Lied Place https://journalstar.com/news/local/govt-and-politics/lied-place-residences-developers-make-case-for-additional-tif-dollars/article_e643c405-0419-518b-a50e-4f1458252f69.html More on TIFS, Schools, and Streetcars. By Rick Esenberg https://archive.jsonline.com/blogs/purple-wisconsin/293707751.html https://omaha.com/news/local/govt-and-politics/olde-towne-bellevue-residents-upset-by-blighted-designation-say-mayor-has-conflict-of-interest/article_ce056bce-3bff-11ec-8209-dbe416f0f26e.html#tracking-source=home-top-story-1 https://omaha.com/opinion/editorial/editorial-governments-must-scrutinize-tif-requests-but-ultimate-benefits-can-be-great/article_fb84b27a-777f-11eb-9c99-b7e703bedbae.html Improving Tax Increment Financing (TIF) for Economic Development. By David Merriman with Lincoln Institute of Land Policy https://www.lincolninst.edu/publications/policy-focus-reports/improving-tax-increment-financing-tif-economic-development

A new documentary, Corporate Welfare: Where's the Outrage?, tells the personal stories of how people are affected by the tax exemptions, subsidies, government regulations, and bailouts used to help big business. Hosted by Free to Choose Executive Editor and Cato Institute Senior Fellow Johan Norberg and featuring former CEO of BB&T John Allison, the documentary reveals the government's role in the 2008 financial crash.Please join us for an engaging and thought‐​provoking conversation with Norberg and Allison. A short segment of Corporate Welfare: Where's the Outrage? will be shown during the program.The documentary examines America's system of farm subsidies, Tax Increment Financing (TIF), Big Oil subsidies, government policies, bailouts, and tax breaks for big business. The program takes viewers across America to talk with individuals whose lives and livelihood have been directly affected by the outrages of corporate welfare.“Many government programs begin with good intentions, but they result in unintended consequences,” says Norberg. “From what I've observed…it's better to let the economy evolve in its own natural way, bumps and all, rather than to rely on government intervention.”Corporate Welfare: Where's the Outrage? was inspired by the book, Welfare for the Rich: How Your Tax Dollars End Up in Millionaires' Pockets — and What You Can Do about It, by Phil Harvey and Lisa Conyers. It is airing on public television (check local listings) and streaming on the PBS App, YouTube, Roku, Venmo and on Free To Choose Network. See acast.com/privacy for privacy and opt-out information.

Mehmet (Mo) Casey with the Downtown Billings Alliance joins us to talk about some of the developments happening in downtown Billings. We discuss Tax Increment Financing (TIF), reverting one way streets to two-way, and downtown housing. Video: "How does Tax Increment Financing Work?" If you would like to email us to offer feedback, suggest a future guest, or simply ask a question, email us at podcast@billingschamber.com. The Rorschach test, also called Rorschach inkblot test, projective method of psychological testing in which a person is asked to describe what he or she sees in 10 inkblots, of which some are black or gray and others have patches of colour. The test was introduced in 1921 by Swiss psychiatrist Hermann Rorschach. It attained peak popularity in the 1960s, when it was widely used to assess cognition and personality and to diagnosis certain psychological conditions. Here are Marya and Jack's answers to this week's Rorschach questions. 1. Where is your favorite place to play outside in Billings? Marya: Norm Schoenthal Island. I love to take my pitbull/boxer dog Maximus there to play in the water and hang out with other dogs! And it's a beautiful and relaxing walk. Jack: My revealed preference would definitely be Veteran's Park, but I have a special place in my heart for Zimmerman Park; the views up there are absolutely fantastic.   2. What food do you most love to cook and then eat? Marya: Enchiladas, fajitas, margaritas… I guess anything ending in “itas”. Jack: Definitely pork ribs. That's always been one of my favorite foods and I never thought I could make it myself... but now I have a Traeger.   3. What is your favorite downtown anywhere in the world? Marya: Honestly, I would have to say Billings. I truly love our downtown. I have been to a lot of different “downtowns” around the world, but I love mine most. Jack: I won't let myself say "Billings," (as much as I do love it). I'll say Washington D.C. I lived there for two months, living in the GW dorms and working in Dupont Circle, and I really enjoyed being able to walk or take the train everywhere - even if I didn't care for the weather in July.  

The Chicago Tribune Editorial Board authored what can only be described as an extremest editorial where they call for everyone to support Chicago's families by offering them nothing but condemnation and "constructive nudges" to instill discipline in their kids. Obviously, Chicago's gun violence issues has nothing to do with the structural issues in Chicago's finances or justice system and has everything to do with poor parenting. Structural issues like the Tax Increment Financing (TIF) program that shifted almost $1 billion from the City of Chicago's general revenue fund to a special off the books account for the Mayor to spend however she likes. For the Tribune the last three Mayor's have spent that money just the way they like - on the loop and business district and not on communities on the south and west side. The Tribune has no problem continuing to starve those communities as long as the plants all over the loop are regularly changed. The Tribune bemoaned talk from activists, politicians, and researchers about needing to invest in communities on the south and west sides of the city and makes changes to the structures within the city. The Tribune thinks that if we just instill a little discipline in to the lives of the children growing up in rampant inter-generational poverty then everything will be ok. Of course, this is coming from the Chicago Tribune a paper that long ago abandoned these parts of the city and instead has written for an audience in the suburbs. You would swear that this editorial came from a Tribune in the 1950s or 1960s and certainly not 2020. The more things change the more they stay the same. Also on today's show. USA Today / Ipsos poll on policingFOP says deal reached on financial part of contractSocial Media Fails - FOP style!When UUW is not a violent crimeCommunity based violence prevention not a long-term solutionMayor Bully in the Chicago Reader Images from today's show Video from today's show https://youtu.be/7-FzRZtbuQU

The DSM USA Policy Headquarters podcast guests discuss tax increment financing, or TIF.

This week, Memphis Metropolis takes a deep dive into Tax Increment Financing (TIF) and in particular, a proposal to use the tool for the revitalization of South Memphis. Our guests are Reginald Milton, Shelby County Commissioner and executive director of South Memphis Alliance, and Andy Kitsinger, principal of Development Studio. The proposed TIF district is being spearheaded by the Soulsville USA Neighborhoods Development District, a broad community coalition made up of nonprofit organizations, neighborhood associations, faith leaders, and institutions. Later in the program, Charlie Santo pays a return visit to Memphis Metropolis to talk more about how TIFs work here and in other cities, whether there can be too many TIFs, and what other tools can accomplish some of the same objectives. We also debate whether or not it is ever appropriate to utilize the tool in an affluent area, such as the recent (and controversial) TIF district established in East Memphis. Resources Soulsville USA Neighborhood Development District

In this episode, Eric Brotman ‘09 is joined by the Executive Vice President of the City of Baltimore Development Corporation (BDC), Kim Clark ’09. Throughout the episode, Kim discusses her unique background, and how it led her to serving 21 years at the BDC, the different challenges of Baltimore City and how to approach them, the pandemic’s impact on commercial and residential real estate, the status of transportation, and more. How unconventional experiences can shape an individual into a leader  The importance of mentoring younger generations  The challenges facing Baltimore City and its surrounding areas  Breaking down commercial real estate and diving into the residential mindset during 2020  Baltimore City’s job creation status and the positive outcomes of 2020  Exploring the future of transportation—namely commuters, construction, and congestion—in Baltimore and beyond  Meet Kim Clark Kim Clark is the Executive Vice President of the City of Baltimore Development Corporation (BDC). In her capacity as EVP, Kim oversees neighborhood development, business development, real estate development, capital budgeting, small and minority-owned business initiative, innovation development, marketing, research and analytics.  Among her achievements at BDC, Kim helped structure public-private partnership financing for several major redevelopment projects, including several Tax Increment Financing (TIF) projects; Payment in Lieu of Taxes (PILOTS) for several major developments, and the financing of several grocery store projects.  She was instrumental in retaining several businesses of all sizes and assisted smaller businesses with expansions. Kim represented the City in the development of the Horseshoe Casino Baltimore, the redevelopment of Inner Harbor East and Belvedere Square, as well as several other projects.  Kim is the Immediate Past President of the Maryland Economic Development Association, President of the MEDA Foundation, Governance Chair of the Urban Land Institute Baltimore Council, Board member of the Emerging Technology Centers, Small Business Resource Center, Goodwill Industries of the Chesapeake, Inc., and is a member of the International Economic Development Council. In 2016 Kim was named by the Daily Record as one of Maryland’s Top 100 Women, received the Mayor’s Medal for Meritorious Service, and was honored by Mercy High School with the Sister M. Joannes Clifford Distinguished Alumni award. Kim graduated from Leadership Maryland in 2009 and is a Greater Baltimore Committee Leadership Class of 2007 graduate.  For show notes & more: https://www.leadershipmd.org/engaging_leaders.html

Marc Sims talks with Tom Tresser about getting rid of Tax Increment Financing. Civic Lab https://www.civiclab.us/ Curious City: Untangling TIFs https://www.youtube.com/watch?v=Kmx4ryRc2Gc

Tax Increment Financing, or TIF, is back in the news. TIF is a redevelopment tool designed to incent development in an area, or for a specific building, that is either stagnant or declining in value. The developer must submit an affidavit verifying the development could not take place without assistance. TIF allows the developer to capture the increment in real property taxes created by redevelopment and up to 50% of the increase in economic activity taxes for example the city portion of the sales taxes. TIF protects the current revenue stream for taxing entities receiving the property taxes for the life of the TIF up to a maximum 23 years. All details are outlined in a development agreement between the developer and the governmental entity in which the TIF is located. So let’s say a building is currently generating $5,000 per year in property taxes and post development that same building generates $15,000 per year. The increment, $10,000 per year, can be captured by the developer to

www.commsolutionsmn.com- Picture a typical family looking for their first home. The excitement of the search, the satisfaction of stepping into their new house... yeah, we're going to burst your bubble. Housing is not some organic outgrowth of customer demand that brings joy and wonder to everybody. In fact, there is nothing organic about it. It is an industry that has been manipulated, contrived, and designed by developers, manufacturers, special interests, and all levels of government (Federal, state, regional, county, and city/township). The Metropolitan Council tries to force a certain amount of certain types of housing in every city in the metro based on their faulty population growth projections. In out-state Minnesota, government still uses a great deal of power to dictate what kind of housing is to be built and how much of it. Green technologies, trends like life cycle housing, and available funding like bonds, Tax Increment Financing (TIF), and tax abatements all set the tone. Listen in and be amazed at how little freedom is actually found in the housing industry. Then get on your local planning commission and make a difference!!! Have you checked out our Spotify playlist? At the beginning of each episode Jason quotes some song lyrics that have to do with the subject matter of the podcast. Andrew never knows what they are, but now he can… and so can you! We’ve launched the Spotify playlist: “Community Solutions Music From the Podcast“! You can listen to Roundabout from Yes after listing to Episode 30 on Roundabouts… or kick back and enjoy a rocking playlist just for the thrill of it. We add a new song every week. Subscribe and enjoy! Don’t forget that you can also subscribe to our podcast on iTunes, Google Play, and Spotify, or go out to the PodBabble Podcast Network!

www.commsolutionsmn.com- What's in a name? Are names important? Is it important to remember our history, even when it's uncomfortable? Should we only name things after people that have no blemishes? I'd like you to find me that perfect person. Would those on the right and left ever agree on someone in this day and age? Sports teams are changing their names and their mascots.  It's also happening locally with our lakes and our schools. Lake Calhoun became Bde Maka Ska? They want to rename Patrick Henry High School and Ramsey Middle School? What do people even know about John C Calhoun, Alexander Ramsey, and Patrick Henry? They are certainly flawed people, but aren't we all? We judge people of the past on 21st century morals. We erase all the negative out of our past, but whitewashing it only means that we can't learn from it. Radicals are trying to push everything out of the public sphere that they disagree with from elected politicians to popular businesses. How far is too far? In the Local Lowdown, we also discuss a new luxury apartment complex with (you guessed it) a sweetheart Tax Increment Financing (TIF) district to prop up the deal. We also discuss In the Robbinsdale School District, Patsy Green is not seeking re-election, and she thinks that you're not paying enough in taxes to the school district. Have you checked out our Spotify playlist? At the beginning of each episode Jason quotes some song lyrics that have to do with the subject matter of the podcast. Andrew never knows what they are, but now he can… and so can you! We’ve launched the Spotify playlist: “Community Solutions Music From the Podcast“! You can listen to Roundabout from Yes after listing to Episode 30 on Roundabouts… or kick back and enjoy a rocking playlist just for the thrill of it. We add a new song every week. Subscribe and enjoy! Don’t forget that you can also subscribe to our podcast on iTunes, Google Play, and Spotify, or go out to the PodBabble Podcast Network!

Tax Increment Financing (TIF) is Missouri’s bad idea that keeps coming back and refuses to die. TIF has had numerous negative economic effects in Missouri, and in particular in the Saint Louis area. TIF has increased government involvement in the economy, sparked abuse of eminent domain, shrunk the tax base, and made subsidies a permanent fixture of development. Furthermore, TIF has failed at its main purpose: economic growth.

Despite a storied planning history, Chicago is no longer a city that plans with confidence and vision. Chicago lacks a city department with the name "planning" in its title. Instead, this essential municipal function is now largely focused on immediate zoning matters with long range and strategic planning in a secondary role and largely replaced with piecemeal, ad hoc, and volunteer planning efforts – often funded and focused on disconnected Tax Increment Financing (TIF) districts. The city had great success in the 1950s and 1960s in crafting strong central area plans and path-breaking comprehensive plans that laid the groundwork for a major commercial and residential revival. In the most recent decade however major planning initiatives have been largely unimplemented and replaced by deal-making, site-specific and one-off projects. Systematic, coordinated, long-range efforts have been difficult to initiate or sustain. Drawing on their new APA Planners Press book Planning Chicago, authors Jon B. DeVries, AICP, and D. Bradford Hunt of Roosevelt University will explain the rise and retreat of planning over the past half century and the need for a planning renaissance in Chicago.

How has the use of Tax Increment Financing (“TIF”) shaped the development of Chicago? Chicago contains 163 TIF districts, which cover 30% of the City’s area and comprise about 10% of its property tax base. TIF has been a crucial tool for supporting quality businesses, creating jobs and building strong neighborhoods. This program will be an opportunity to share case studies and discuss best practices for the use of TIF. Speakers: Alderman Jason Ervin of the 28th Ward Michael Jasso, Managing Deputy Commissioner of the City of Chicago, Department of Housing and Economic Development Michael Moses, Financial Services Director, S & C Electric Moderated by: Joe Pilewski, Director, Specialty Tax, Duff and Phelps