An organic life force is changing the face of downtown. It’s not poison ivy.
That life force is called tax increment financing — TIF.
To see the magic of TIF, go to South Fifth Street and Mary, where sidewalks, brick pavers, fencing and assorted improvements have helped change the look of a once-dead part of downtown.
This was the start of an editorial in the Waco, TX Tribune on one of the least understood ways to encourage economic development. Check out the full editorial here.