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TIF
Tax Incremental Financing


TIF is the most significant economic development tool available to local governments in Wisconsin. By establishing TIF districts, municipalities can capture the net incremental property tax revenues resulting from new development or redevelopment projects. That revenue can then be dedicated to funding certain permitted activities that support the development or redevelopment project, in accordance with an approved TIF plan.
 

Industrial Development
Three of the seven existing TIF districts have assisted industrial development.

TIF District No. 3, established in 1992, assisted with the retention and expansion of Metal Ware.

TIF District No. 5, created in 1999, helped fund extension of utilities and roads to Phase 2 of the Woodland Industrial Park, on the south side of highway 310.

TIF District No. 9, created in 2003, is assisting with the financing of land, utilities, and other eligible costs associated with the new Eggers Industries plant.

 

TIF Districts 6,7 and 8 have assisted in the redevelopment of formerly tax-exempt properties, which today have a combined taxable value in excess of $4 million—and growing

Learn More
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How a TIF Works

Eligible TIF Costs

Exclusions from Eligible TIF Costs

Newly Platted Residential Development

Statutory Tests and Requirements

Basic Financing Methods

Additional Considerations

2004 Statutory Amendments

2007 TIF Report

Redevelopment
Four of the seven existing TIF districts have assisted in the redevelopment of blighted or obsolete properties.

TIF District No. 4, created in 1994, assisted in developing the Lakeshore Park Apartments at the site of the former Harvey Concrete batch plant, next to Lakeshore Park.

TIF District No. 6, created in 2000, assisted MetroPlains Development in the adaptive re-use of the former St. Luke's School as 32 units of affordable senior housing.  Known today as Marquette Manor, this $3.1 million project was an outstanding historic preservation project, as well.

TIF District No. 7,created in 2001, is assisting Rice Health Care of Appleton in its $5 million conversion of the former Two Rivers Community Hospital complex into senior assisted living apartments.

TIF District No. 8, created in 2002, paid for demolition and other costs at the old Washington High School site, assisting the developers in redeveloping that site as the Washington Highlands, where a new residential neighborhood is taking shape. Site Meter

     


Economic Development Home Page
Dan Pawlitzke - Economic Development Supervisor
P O Box 87
1717 East Park Street
Two Rivers, WI 54241

Phone 920-793-5565


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