Tax Increment Financing (TIF) update
Summary
The city gave a first look at a TIF plan for Galtier Plaza downtown, a financing tool that redirects future property tax growth to support redevelopment. Action is expected at a later meeting.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Aug 26, 2026.
Impact analysis
TIF redirects future property tax increases from the site toward redevelopment costs — the specific amounts weren't detailed in this introduction.
Downtown redevelopment efforts and potentially surrounding businesses if the project moves forward.
Some future property tax growth at the site would be diverted from general city and county revenues.
Mentions & discussions (2)
Housing & Redevelopment Authority — August 26, 2026
TIF is a tool cities use to fund development by capturing property tax growth in a district. A full update is coming back to the HRA on September 2.
Housing & Redevelopment Authority — June 3, 2026
The city gave a first look at a TIF plan for Galtier Plaza downtown, a financing tool that redirects future property tax growth to support redevelopment. Action is expected at a later meeting.
Related development
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