La Crosse, WI
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Map of the City's Tax Increment Districts (TIDs)
Tax Increment Financing (TIF) is the principle economic tool, approved by the State of Wisconsin, that communities use to stimulate development/redevelopment. TIF funds originate from the tax money generated from an improvement or development greater than the tax generated by the site before the development. This tax increment money is then allocated to the City for its use in making infrastructure improvements in the Tax Increment District (TID) during the life of the District. At the end of the TID term, all of the taxes are again paid to the regular taxing bodies but at a much higher assessed valuation than would have been possible without the TID.
The City of La Crosse has established 21 Tax Incremental Districts, of which 12 districts are currently open. In recent years TIF has been leveraged in developments such as Kwik Trip and Gundersen expansions, Logistic Health I, II, & III, downtown parking ramps, the International Business Park, Downtown and Neighborhood Revitalization projects, the redevelopment of the former Trane Plant 6 site, and the ongoing catalytic development of River Point District.