How are Redevelopment Districts Funded?

Once an agency is established and redevelopment district created, the Agency gains access to a revenue source called Tax Increment Financing (TIF). It is important to note, this is not a taxing authority or a new tax. TIF revenues are generated based on the incremental growth in property values within a district overtime as public infrastructure projects are completed and private reinvestment is realized. These funds are deposited into a Redevelopment Trust Fund and can only be used for programs and projects geared to revitalizing the redevelopment district.

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1. What is a Redevelopment District?
2. How are Redevelopment Districts Funded?
3. Who makes up the Community Redevelopment Agency (CRA)?
4. When was the Fifty West Redevelopment District established and when is it scheduled to end?
5. Where is the Fifty West Redevelopment District?
6. How large is the Fifty West Redevelopment District?
7. What is the vision for the Fifty West Redevelopment District?
8. What type of projects has the CRA completed?
9. What projects is the CRA currently working on?
10. Who do I contact if I have questions regarding the Fifty West Redevelopment District?