It is important to remember that the Rio Nuevo legislation is a partnership between the state of Arizona and the city of Tucson. Both entities have a vested interest in its success. Tax-increment financing (TIF) legislation is a legal template used across the country to finance sports stadiums and similar projects for municipalities. In essence,…
In the beginning, there was the word, and the word was “stadium.” Many moons ago, in the municipal-government firmament, someone figured out a way to build a stadium at no cost to the municipality. It was called “TIF,” and they saw that it was good. TIF stands for tax-increment financing. In this type of legislation,…
Steve Kozachik discusses Tucson municipal government.
