Downtown Toledo TIF proactive step to fund improvements

City officials in Toledo are looking at establishing a Tax Increment Financing (TIF) area downtown that “could help pay for infrastructure improvements” in the Central Business, UpTown and Warehouse districts, The Toledo Blade reports. Toledo has implemented TIFs in the past for large development projects, but this TIF would be “the first time that we’re putting it in proactively hoping that it will generate revenue,” according to Brandon Sehlhorst, commissioner of economic and business development. Infrastructure improvements would be prioritized based on the transportation and downtown master plans, and could include sidewalk improvements, planting trees and curb construction, among others. For more, read the full article.

Economic Development, Project Finance