Tax Increment Financing (TIF)
- Establishing a TIF District
- Funding a public or private project using TIF monies. Sometimes Steps 1 and 2 occur simultaneously although it is not unusually for the Steps to occur separately in large-scale, multi-phased projects.
TIF Districts are established based on the authority, limitations and provisions contained in Minnesota State Law. New TIF Districts are considered by the City of Edina when they can help achieve community goals. Each TIF District is evaluated on its own merits. After a TIF District has been established, the City can then consider whether and to what extent it participates in funding a private project or public improvement with incremental tax revenue collected in the TIF District.
This Housing TIF District was established to encourage creation of new affordably-priced housing by Beacon Interfaith Housing Collaborative.
Get information about TIF projects that are now closed.
The Grandview 2 TIF District was established to create a viable funding source for the many public improvements anticipated to improve access to and through the overall Grandview commercial district.
The Pentagon Park TIF District was established in 2014 as part of a public-private partnership between Edina and Hillcrest Development to revive the declining commercial properties formerly known as “Pentagon Park.”
The Southdale 2 Economic Development TIF District was established in 2012 using one-time legislation created by Governor Dayton to promote job creation and investment throughout Minnesota.
50th and France 2 TIF District