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WI
River Falls Tax Increment Financing Development Assistance
River Falls may use TIF assistance to support eligible development, redevelopment, infrastructure, and revitalization projects.
About this program
The City of River Falls uses Tax Increment Financing as a principal economic development tool to stimulate development and redevelopment. TIF funds generated from increased property value within a Tax Increment District may be used for infrastructure improvements, development assistance, business park development, downtown and neighborhood revitalization, and project costs that would not otherwise occur without public participation.
Eligibility
Developers, businesses, property owners, and public-private partners with eligible projects in River Falls Tax Incremental Districts may seek project-specific assistance.
Requirements
- Project must be located in or directly benefit an open River Falls Tax Incremental District.
- Project must support development, redevelopment, infrastructure, business expansion, or downtown and neighborhood revitalization goals.
- Applicant must provide project scope, budget, financing plan, site control, and public benefit information.