Tax Increment Financing (TIF) is a financing and development tool that encourages the development of blighted, substandard and economically underutilized areas that would not be developed without public investment. The use of this tool allows future real property taxes and other taxes generated by new development to pay for public infrastructure construction and other improvement costs.
TIF may only be used for redevelopment projects that would not be reasonably expected to occur without the assistance of TIF. A cost-benefit analysis (“but for test”) must be completed for each project and requires approval by the TIF Commission and the Kansas City, Missouri City Council. A redevelopment area must be determined by the City or county to be a blighted area, conservation area or economic development area as defined by the Missouri TIF Act and must conform to the general plans of the City of Kansas City, Missouri.
The powers of TIF are exercised by its board of commissioners who are citizens of Kansas City, Missouri, appointed by the mayor or by the other affected taxing jurisdictions.
Mayorally-appointed TIF Commissioners with the Mayor: (L-R): Jane Brown, Bobby Hernandez, Jeffrey Williams, Tammy Queen, Alissia Canady, Mayor Quinton Lucas, Lee Barnes, Ryana Parks-Shaw, Matthew Oates, Andrea Bough, Michael McGee, Pam Mason
Current TIF Agenda
Pioneer Plaza TIF Plan – RFP
Revised Performing Arts Campus TIF Plan – RFP
Proposed 40 Highway & Noland Road TIF Plan – RFP
PROPOSED PLANS & AMENDMENTS
Pioneer Plaza TIF Plan
Revised Performing Arts Campus TIF Plan
Proposed 40 Highway & Noland Road TIF Plan
KCI Corridor TIF Plan, 20th Amendment
Linwood Shopping Center TIF Plan, 4th Amendment
Platte Purchase Development Plan, 5th Amendment
Proposed Overlook TIF Plan
Shoal Creek TIF Plan, 18th Amendment