La Crosse plans for TIF District 16 - WXOW News 19 La Crosse, WI – News, Weather and Sports |

La Crosse plans for TIF District 16

Posted:
LA CROSSE, Wis. (WXOW)--La Crosse is working to develop another TIF on the North side.
    
TIF stands for Tax Incremental Finance District.

It works by having the city invest up front in improvements to a property to make it more marketable to businesses.

Once companies begin to build on the district, a portion of their property taxes go back into the district to fund improvements to the infrastructure in the district.
TIF District 16 encompasses the vacated Trane Plant 6 on George and Andrew Streets. An agreement to sell the property to a developer is on the table.

La Crosse's city council is set to vote on TIF proposal this week.

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