Source: City of Chicago
Designation: 1998 Expiration: 2022
Encompassing 754 acres
Characterized by older industrial buildings, vacant land, and numerous railroad holdings. The tax increment is targeted for building rehabilitation costs, environmental remediation activities, property assembly efforts, and public works upgrades involving streets and utilities.
Source: Texas Transportation Institute
Source: Atlanta Beltline Inc.
Cost
$4.8 billion (approximately $500 million spent through FY2017)
Funding Sources
Bonds - $143 million
City of Atlanta - $85 million
Private Philanthropic Grants - $42 million
Other Governmental Funding - $43 million
TIF:
From 2005-2017, the TAD generated $325 million and has generated a direct economic impact of $4.1 billion in private development as of the end of 2017. This is eight times greater than the total public/private investment of $500 million to date. Most recent projections forecast that the TAD will generate $800 million - $1.4 billion from 2012 to its conclusion in 2030.
