Tuesday, May 20, 2008

on TIFs

The Trib reviews some analysis by the URA on the efficacy of the city's TIF programs through the years. See Bonnie Pfister's: Tax-increment financing successful, city data indicate. For those who want to get into it, my colleague Sabina had a class dig into this a bit more. See:
Planning and Government: Tax Increment Financing as an Economic Development Tool and Policy, from 2005.

The only thing that is a bit odd in the Trib story, which probably reflects the URA analysis it is reporting on (and which I have not seen as yet) is that the only mention of former mayor Murphy is as an adjective of sorts desribing the "ex-Mayor Tom Murphy's doomed Fifth & Forbes master plan".. The rest of the article is if anything relatively positive on TIFs which is curious when you realize from the dates given that most TIF's ever created within the City proper were the creation of the Murphy adminstration, good or bad. So any analysis of current TIFs, which take years to put in place, let alone see any economic benefit of, must be a retrospective analysis on the Murphy policies.

but it gets weirder. Where is Sam out there? His favorite politician, and well known TIF opponent, is in the news related to this (h/t to O) with one of those uber positive Pittsburgh quotes that you really only get from non'Burghers. This is the mayor of Kansas City rk Funkhouser
“Pittsburgh’s a winner,” Funkhouser said. “We’re not close to Pittsburgh. It’s got a vibrant street life.“It’s what I hope we’ll be like.”
Not quite sure how to reconcile that statement with Funkhousers strong opposition to TIFs. If there is a place that has used a lot of TIFs its been the City of Pittsburgh through the 1990s and early 2000s. Maybe there is no connection, but it does deserve some study.


Blogger Burgher Jon said...

The capstone paper that you link to here was very helpful in getting a background on TIFs, it was nice to get a base to understand some of your posts from the past few days. Are all of the capstone projects for this program available online? Any other ones that explore interesting Pittsburgh topics?

Wednesday, May 21, 2008 9:14:00 AM  

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