[CPEO-BIF] [Fwd: TIF financing/brownfields report]

[Lenny Siegel <lsiegel@cpeo.org>]

From: 	Evans Paull <epaull@nemw.org>

Lenny:

Can you send to your list the following:

Northeast-Midwest Institute has issued a report that addresses the use
of tax increment financing (TIF) for financing brownfields
redevelopment.  An excerpt from the summary is:

The connection between brownfields projects and TIF financing works in
certain circumstances, but it could have more widespread application,
even reaching some weak-market and upside-down sites, if brownfields
financing vehicles were specifically designed to complement TIFs.
Several states have taken the lead in structuring such programs, notably
Michigan, Connecticut, and Wisconsin.  Other states should consider
state-facilitated TIF financing as an effective and efficient means to
improve their brownfields programs and obtain cleanup-redevelopment results.

To read the report, go to: http://www.nemw.org/ER%20W07-TIF.pdf



Evans Paull, Senior Policy Analyst
Northeast Midwest Institute
50 F Street, NW
Washington, DC 20001
202-464-4004
202-329-4282 (cell)
epaull@nemw.org <mailto:epaull@nemw.org>
www.nemw.org <http://www.nemw.org>



--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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