Tax Increment Financing (TIF) allows a developer to be reimbursed for a portion of their redevelopment costs out of the incremental increase in certain property and sales taxes generated by a redevelopment project.

A TIF district may only be created in areas designated as a state Enterprise Zone, including blighted or conservation areas.

  • Redevelopment costs are paid from incremental increases in property and sales tax revenue generated by new development.
  • Existing property and sales tax revenue is “frozen” until the project generates sufficient revenue to pay for redevelopment costs in an agreement between the City and the developer of the project. 
  • Under Kansas law, redevelopment costs may only go toward:
    • Demolition of existing structures.
    • Public infrastructure improvements such as road and utility construction.
    • Land acquisition
  • Under Kansas law, redevelopment costs may not go toward:
    • Private building construction.
    • Ongoing maintenance costs

Active TIF Projects

TIF Application Process

City Council Policy F-7: Tax Increment Financing Policy

Economic_Development_Report

 

Maps of current TIFs

Ancona Honda

Conference Center & Hotel 

Heritage Crossing 

Hilton Garden Inn

Olathe Gateway

Santa Fe & Ridgeview

South Gate

West Village Center

 

Embassy Suites

 

 

 

 

 

 

 

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