TIF Program

Carbondale Aerial View

Tax Increment Financing (TIF) helps municipal governments stimulate redevelopment in a designated area. Using this financing tool, the City can reimburse developers for certain expenses using the property tax revenue that new development in the TIF district generates. Expenses eligible for reimbursement include:

  • Architectural, engineering, legal, environmental, financial, planning, and other services
  • Cost of financing during construction
  • Costs of rehabilitation, reconstruction or repair or remodeling of existing buildings, fixtures and leasehold improvements
  • A portion of the interest cost incurred by a developer related to the construction, renovation or rehabilitation of a redevelopment project
  • Property assembly costs, including acquisition of land, demolition of buildings and site preparation

TIF Districts

There are three TIF Districts in Carbondale.

  1. TIF Number 1
  2. TIF Number 2
  3. TIF Number 3

The TIF Boundary Map (PDF) shows the boundary of the 31 acre Redevelopment Project Area Number 1.