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Posts tagged as “TIF districts”

Wichita TIF projects: some background

Tax increment financing disrupts the usual flow of tax dollars, routing funds away from cash-strapped cities, counties, and schools back to the TIF-financed development. TIF creates distortions in the way cities develop, and researchers find that the use of TIF means lower economic growth.

Tax not me, but food for the poor

This is Union Station in downtown Wichita. Its owner has secured a deal whereby future property taxes will be diverted to him rather than funding…

Old Town Cinema TIF update

The City of Wichita Department of Fiance has prepared an update on the financial performance of the Old Town Cinema Tax Increment Financing (TIF) District. There's not much good news in this document.

What incentives can Wichita offer?

Wichita government leaders complain that Wichita can't compete in economic development with other cities and states because the budget for incentives is too small. But when making this argument, these officials don't include all incentives that are available.

Economic development in Wichita, steps one and two

Critics of the economic development policies in use by the City of Wichita are often portrayed as not being able to see and appreciate the good things these policies are producing, even though they are unfolding right before our very eyes. The difference is that some look beyond the immediate -- what is seen -- and ask "And then what will happen?" -- looking for the unseen.

Exchange Place still not good for Wichita, others

Despite having shed the problems with the former owners, the Exchange Place project has become an even worse deal for the taxpayers, job seekers, and investors of Wichita, Kansas, and the nation.

Wichita economic development: And then what will happen?

Critics of the economic development policies in use by the City of Wichita are often portrayed as not being able to see and appreciate the good things these policies are producing, even though they are unfolding right before our very eyes. The difference is that some look beyond the immediate -- what is seen -- and ask "And then what will happen?" -- looking for the unseen.

WichitaLiberty.TV August 4, 2013

In this episode of WichitaLiberty.TV, host Bob Weeks explains a complicated economic development mechanism used in Wichita that hides the true business welfare and cronyism taking place. Then Bob notices that the City of Wichita has banished disagreement, and then shows how the unintended consequences of regulation can be deadly.

Paying taxes, but not quite

A complicated economic development mechanism used in Wichita hides the true business welfare transaction.

Derby forms a TIF district

The city of Derby, Kansas has formed a tax increment financing (TIF) district. TIF is a method of diverting the normal flow of property tax revenue so that it benefits private interests rather than the public treasury.

Economic development in Wichita, the next step

Critics of the economic development policies in use by the City of Wichita are often portrayed as not being able to see and appreciate the good things these policies are producing, even though they are unfolding right before our very eyes. The difference is that some look beyond the immediate -- what is seen -- and ask "And then what will happen?" -- looking for the unseen.

Wichita economic development initiatives to be announced

Tomorrow the Wichita Metro Chamber of Commerce will announce, according to the Wichita Eagle, new economic development initiatives. Past history suggests that the efforts will not be fruitful for the Wichita area. The inclinations of the parties involved in this effort are for more government intervention and less reliance on economic freedom and free markets.

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