TIF: What Is It and How Does It Work?

In the past few years, the City of Edina has
experienced redevelopment at a pace not seen for nearly five decades. The City has used Tax-Increment Financing (TIF) on just six of more than50 large-scale construction projects in those years.
Most people...

Using TIF Benefits Residents in Many Ways

Tax-increment financing (TIF) is a tool Edina has used sparingly over the past several decades to deliver long-term outcomes that benefit the general public. The public benefit from Edina’s use of TIF usually falls into four categories:

• Blight mi...

What TIF Can and Can’t Pay For

Why doesn’t the City of Edina use tax-increment financing (TIF) for more parks, road improvements, a community center or other resident wishes?

That’s a question City staff members hear from residents. The answer is quite simple: The la...