Quote Originally Posted by Pete View Post
I'm starting to unravel the mysteries of TIF #2, which is the over-arching TIF that covers pretty much the whole downtown area.

One important bit of information: There is only a 50% assessment of increased property values due to sales or development where there is no public assistance. This is termed "indirect" increment and at this point the Stage Center property falls into this category.

"Direct" means 100% of the increase in property values goes into TIF #2, but this only applies to projects that get direct public assistance.

I've put together a list of projects that have received TIF allocations but there are dozens and I'm waiting to get a list directly from the City.
Sooooooo, if a property first falls into the indirect increment, does that then make an 80% TIF request actually 90% (assuming a 100% increase)?