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This resource was developed to provide businesses, residents, government agencies, and other stakeholders with the geographic delineation of the Downtown TIF Area. |
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This resource was developed to provide businesses, residents, government agencies, and other stakeholders with the geographic delineation of the Downtown TIF Area. |
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Office of the Chief Financial Officer |
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<DIV STYLE="text-align:Left;"><DIV><DIV><P><SPAN>The Downtown TIF is a unique project that was established in 2001 to provide credit enhancement to the Mandarin Hotel (retired) and Gallery Place TIFs. The sales and commercial real property taxes collected within the Downtown TIF Area (minus certain carveouts) – known as the Available Increment – are used as a backstop for debt service payments for the following TIF and PILOT projects </SPAN><A href="https://cfo.dc.gov:443/page/edf-unit" STYLE="text-decoration:underline;"><SPAN>https://cfo.dc.gov/page/edf-unit</SPAN></A></P><UL><LI><P><SPAN>Verizon Center</SPAN></P></LI><LI><P><SPAN>O Street</SPAN></P></LI><LI><P><SPAN>Skyland Town Center</SPAN></P></LI><LI><P><SPAN>Southwest Waterfront/Wharf</SPAN></P></LI><LI><P><SPAN>Bryant Street</SPAN></P></LI><LI><P><SPAN>Union Market</SPAN></P></LI><LI><P><SPAN>Brookland Manor</SPAN></P></LI></UL></DIV></DIV></DIV> |
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<DIV STYLE="text-align:Left;"><DIV><DIV><P><SPAN>This work is licensed under a </SPAN><A href="https://creativecommons.org:443/licenses/by/4.0/" STYLE="text-decoration:underline;"><SPAN>Creative Commons Attribution 4.0 International License</SPAN></A><SPAN>.</SPAN></P></DIV></DIV></DIV> |
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Downtown Tax Increment Financing (TIF) Area |
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["washington dc","dc","district of columbia","Tax Increment Financing","OCFO","Payment in Lieu of Taxes","Economic Development","Real Estate","tif"] |
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en-US |
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150000000 |
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