Optimal investment in a tax increment financing district

被引：0

作者：

Kieran P. Donaghy

Andrea Kelly Elson

Gerrit J. Knaap

机构：

[1] Department of Urban and Regional Planning,

[2] University of Illinois at Urban-Champaign,undefined

[3] 611 E.Lorado Taft Drive,undefined

[4] Champaign,undefined

[5] IL 61820,undefined

[6] USA,undefined

[7] Trkla,undefined

[8] Pettigrew,undefined

[9] Allen and Payne,undefined

[10] Inc.,undefined

[11] 222 South Riverside Plaza,undefined

[12] Suite 1616,undefined

[13] Chicago,undefined

[14] IL 60606,undefined

[15] USA,undefined

来源：

The Annals of Regional Science | 1999年 / 33卷

关键词：

General Model; Capital Investment; Management Problem; Fund Management; Optimal Investment;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

In this paper we introduce a general model of property tax increment financed redevelopment. The model illustrates how expenditures on public infrastructure and housing induce private capital investment and growth in property values. It can be used to frame the problem of how best to manage a tax increment financing (or TIF) fund to realize redevelopment objectives. The solution to this problem suggests when the use of TIF is appropriate. We present estimates of the model‘s parameters for a TIF district in Urbana, Illinois, a solution to the fund management problem, and an evaluation of TIF‘s suitability in this case.

引用

页码：305 / 326

页数：21

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