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TIF for that: brownfield redevelopment financing in North America and Calgary’s Rivers District

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  • Robert Sroka

Abstract

This article examines financing tools to facilitate urban brownfield neighbourhood remediation and redevelopment, with a focus on Tax Increment Financing (TIF). Through an analysis of TIF and alternative schemes for brownfield remediation and redevelopment in both the USA and Canada, the article leads to an evaluation of Alberta’s Community Revitalization Levy (CRL) and its application in Calgary’s Rivers District. The article argues that TIF via the Alberta CRL, shaped by lessons learned in other jurisdictions, has been an effective instrument to jumpstart redevelopment in the Rivers District relative to other potential schemes, past attempts, and an absence of significant government involvement altogether.

Suggested Citation

  • Robert Sroka, 2016. "TIF for that: brownfield redevelopment financing in North America and Calgary’s Rivers District," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(2), pages 391-404.
    • Handle: RePEc:oup:cjrecs:v:9:y:2016:i:2:p:391-404.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsw003
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    References listed on IDEAS

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    1. Anderson, John E., 1990. "Tax Increment Financing: Municipal Adoption and Growth," National Tax Journal, National Tax Association, vol. 43(2), pages 155-63, June.
    2. Alberini, Anna & Longo, Alberto & Tonin, Stefania & Trombetta, Francesco & Turvani, Margherita, 2005. "The role of liability, regulation and economic incentives in brownfield remediation and redevelopment: evidence from surveys of developers," Regional Science and Urban Economics, Elsevier, vol. 35(4), pages 327-351, July.
    3. Anderson, John E., 1990. "Tax Increment Financing: Municipal Adoption and Growth," National Tax Journal, National Tax Association;National Tax Journal, vol. 43(2), pages 155-163, June.
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    Cited by:

    1. Han, Qingye & Zhu, Yuming & Ke, Ginger Y. & Hipel, Keith W., 2018. "An ordinal classification of brownfield remediation projects in China for the allocation of government funding," Land Use Policy, Elsevier, vol. 77(C), pages 220-230.
    2. Kevin Ward & Andrew Wood, 2021. "“We just need the developer to develop†: Entrepreneurialism, financialization and urban redevelopment in Lexington, Kentucky," Environment and Planning C, , vol. 39(7), pages 1471-1491, November.

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