TIF - The New School SCEPA
A report by SCEPA researcher Bridget Fisher and co-author Flávia Leite analyzes New York State’s proposal to redevelop Penn Station using a version of value capture financing.
Article | Value capture schemes sound simple in theory – future revenues pay debt issued to cover upfront costs. But in practice, these financing mechanisms are highly complex and, as a result, can have unintended consequences on municipal finances. Research from SCEPA’s Critical Public Finance project published in the Journal of the American Planning Association (JAPA) offers a new frame to evaluate TIF projects based on the tool’s potential to create, capture, & destroy value.
Working Paper - TIF’s self-financing rhetoric can be used to shift risk onto taxpayers.