16333 Lecture Notes - Lecture 12: Tax Increment Reinvestment Zone, Urban Renewal, Capital Gains Tax
Document Summary
Importantly, these windfalls are captured over the life-cycle of the infrastructure, such that one generation is not hit with the total infrastructure costs (i. e. as per the current preference for. Tax increment funding: tax increment funding (tifs) is widely used in the united states especially for urban renewal projects, tifs are an example of hypothecated value uplift. The main value of tifs is that project developers do not have to bear the upfront costs at the start of the development (mcintosh et al 2015). Hudson yards, new york: funded through a mixed method including: District improvement bonuses (dibs: the extension of the no. Hudson rail yards, new york: the first complete tower on the site is 10 hudson yards, which opened in may, another prominent skyscraper under construction is 30 hudson yards, with 2. 6 million square feet. At 1,296 feet high, it will be completed in 2019 as the second tallest office building in new york.
