Tag Archives: tif districts

The setting sun bathes downtown Fargo in a golden glow in early August. David Samson / The Forum

Tax Incentive Handouts Aren’t the Only Way to Promote Denser, Downtown Development

Tax Incentive Handouts Aren’t the Only Way to Promote Denser, Downtown Development

Over the weekend the Fargo Forum editorial board took aim at critics of development incentive programs like Renaissance Zones and tax increment finance districts. “[B]ecause tax benefits go to selected businesses, some people just can’t see the big picture. The Renaissance Zone and tax-increment financing district program, another tax forgiveness program to develop property, are controversial.

North Dakota Gov. Doug Burgum gives introductory remarks during an "Energy Day" event at the state Capitol Tuesday, March 7, 2017, in Bismarck. John Hageman / Forum News Service

Political Quandary Looms for Governor Burgum as Legislation Clashes With His Private Business Interests

Yesterday House lawmakers passed SB2166 by a 75-17 vote. The bill had previously in the Senate on a 38-8 vote. “The bill forbids cities from creating TIF districts in existing renaissance zones and forbids the state Department of Commerce from authorizing renaissance zones in existing TIF districts after July 31,” my colleague Tu-Uyen Tran reports.

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