Tax Incremental Financing (TIF) is an economic development tool used by the City of Milwaukee and other municipalities to leverage private development investment. This tool has been available since the state of Wisconsin adopted a TIF statute in 1975.
Milwaukee has created more than 85 Tax Incremental Districts (TIDs) to support a wide variety of projects. In recent years, TIF has leveraged such high-profile investments as the construction of a new headquarters for Northwestern Mutual, the new downtown arena, the creation of the Menomonee Valley, Reed Street Yards and Century City business parks, and the installation of the Riverwalk. The tool also has been used for neighborhood-scale projects, such as the City Homes subdivision, South 5th Street reconstruction and Bronzeville corridor.
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