Some council members have been concerned thatthe device has been overused in recent years.Minneapolis has 71 TIF districts which contain morethan 14 percent of its property-tax capacity, comparedto the state average of 8.1 percent last year.
The newpolicy requires the city's redevelopment staff toprovide more information to council members voting onprojects, including forecasts on the status of currentand pending projects twice a year.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
