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 seenfor nearly five decades. The City has used TaxIncrement Financing (TIF) on just six of more than
50 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...

Tax-Increment Financing Helped Create Iconic Edina Spaces

Tax-increment financing (TIF) has been used
to help create some of Edina’s most iconicand beloved spaces. Without this financing
tool, these projects likely never would havehappened in the way Edina residents and
visitors experience them ...

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...