Tax Increment Financing Districts allows the increased property taxes that occur within an established TIF district to be used for further development within the district. The City of Rock Island has five TIF districts: North 11th Street, South 11th Street, Downtown, Parkway & I-280 and Columbia Park.
TAX INCREMENT FINANCING DISTRICTS
What Can the TIF Funds be Used For?
Construction of public improvements to support a private development
Property assembly costs
Demolition of buildings
Rehabilitation of existing buildings
Interest costs incurred by the developer in a redevelopment project
Costs of job training
Where Do You Receive Additional Information?
For more information on this program please contact the Economic Development Division at (309) 732-2920.
