tax increment financing

“Building Together” in Baltimore? Corporate Mega-Development and Coalitions for Community Power

By P. Nicole King (University of Maryland Baltimore County) and Meghan Ashlin Rich (University of Scranton) | Hudson Yards in New York City. L.A. Live in Los Angeles. Penn’s Landing in Philadelphia. The Amazon HQ2 in Crystal City, Virginia. Cities in the U.S. are competing with each other for corporate investment and population growth, and mega-developments are an increasingly popular way to redevelop distressed urban areas. But can multi-million dollar mega-development projects serve as revitalization engines for cities while building partnerships and neighborhood capacities for economically struggling communities? Our research explores what happens when local neighborhoods organize to build community power and demand community benefits from private developers who make claims of “inclusive” redevelopment. Read More

June 1, 2022 // 0 Comments

Getting STIF[ed]: Louisville’s Yum! Center, Sales-Tax Increment Financing, and Megaproject Underperformance

By Robert Sroka (University of Michigan) | Cities getting fleeced by professional sports teams on stadium and arena deals is nothing new. Nor is the underperformance of infrastructure megaprojects, which frequently go over budget, take longer than expected, or fail to meet revenue targets. Despite sports facilities representing some of the most financially significant and visible megaprojects that many cities will contemplate, there is often a disconnect between discussions of sports venues and the larger suite of infrastructure megaprojects. Read More

September 2, 2020 // 0 Comments