Redevelopment in challenged areas by pledging future gains in sales and/or property tax generated within district. Up to 20 years.
Promote projects with substantial public benefits to stimulate and develop local economic welfare and quality of life
Reimbursement of project-generated incremental real property taxes resulting from improvements
Reimbursement of project-generated incremental sales and/or guest taxes
Up to 100% of real property tax increment
Generally no more than 50% of sales or transient guest taxes
Up to 20 years duration
Download the brochure to learn more.