This meetings guest will be Roger Gonzalez with Prosper Portland to discuss the Parkrose-Columbia Corridor. Here is a brief explanation of a TIF (Tax Increment Financing).
Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment in a blighted area that has been designated to be in need of economic revitalization.[1] Roger will explain the benefits, how these are funded and what it means to residents of Sumner. This is important to hear as the life of a TIF is approx 20-30 years and it is funded through taxes.
