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Tif districts are unseen growth factors in the cities of West Virginia (Daily Mail WV) – Charleston Gazette-Mail

Tif districts are unseen growth factors in the cities of West Virginia (Daily Mail WV) – Charleston Gazette-Mail

They can stretch for miles and are often located around population centers such as Charleston, Huntington and Morgantown, but remain unseen – and often unknown – throughout their lifetime, which can last for decades.

What they have helped to produce in West Virginia, however, can often be seen as clear: renovation of the Charleston Civic Center, new baseball and football fields in the Valley Park of Putnam County and, ultimately, a site for a new South Charleston shopping center.

Tax-enhancing finance districts are being set up and used by local authorities to focus some of the taxes within the district on a project also within its borders, the acceleration of economic development in mind.

John Stump, a Steptoe & Johnson lawyer who has assisted several municipalities in setting up TIF districts, called them "a very accurate tool for economic development" because the lines of the district can also be drawn precisely for the benefit of the project. to come.

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