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TIF as a Development Tool
<br /> The City of New Brighton has utilized TIF for key economic development, redevelopment and housing projects in the City. Utilizing
<br /> this tool to accomplish the various goals of the City has strengthened the overall diversity of housing options, land uses and tax base,
<br /> while increasing employment opportunities and cleaning up contaminated sites. One immediate benchmark of the benefit in utilizing
<br /> TIF is the overall increase in market value from when the district was created to when it is fully developed and aging. As illustrated in
<br /> the following table,the City's overall market value has increased in the various TIF districts by over 600%:
<br /> Original Market Payable 2011 Percent Increase
<br /> District Value Market Value in Value
<br /> TIF 5 Printcraft-Donatelle 365,800 5,772,300 1477.99%
<br /> TIF 6 10th St& 1-694 Prop 963,700 13,461,800 1296.89%
<br /> TIF 7 2050 Hwy 8 64.500 3.810.000 5806.98u/a
<br /> TIF 8 Rush Lake Business Park 483.200 18.684.400 3766.81%
<br /> T1F 9 Brightondale Senior Housing 22.000 5.027.400 22751.82%
<br /> TIF 10 JLN Development 109,100 4.438.400 3968.19%
<br /> TIF 11 Trainor Enterprises 57.700 1,529,800 2551.30%
<br /> TIF 12 Harstad Office Building 39,000 4,000.000 10156.41%
<br /> TIF 14 Golden Pond 373,500 4,674,000 1151.41%
<br /> TIF 15 Brighton Corporate Park 2.842,900 17,644.600 520.66%
<br /> TIF 16 2121 -23 Highway 8 107.800 1,507,000 1297.96%
<br /> TIF 17 County Road D/ Interstate 807,100 5,301,000 556.80%
<br /> TIF 18 Remmeile. CBD West 2.695,700 22,402,700 731.05%
<br /> T1F 19 New Brighton Lumber 196,500 1,929,500 881.93u/a
<br /> T1F 20 Lakeview Business Park North 1 496.500 15.224.500 2966.37%
<br /> TIF 23 Thomdale Plaza 73,600 1,425,000 1836.14%
<br /> TIF 25 Lakeview South 1,477,500 13.948.800 844.08%,
<br /> TIF 26 Brighton Corporate Business Park III 4.153.000 49.395,600 1089.40°/a
<br /> TIF 27 Ken's Market 190,000 1.522.300 701.21%
<br /> TIF 28 Rice Creek Center 4.579.000 17.509.500 282.39%
<br /> TIF 29 BCPII South (Soo Une) 195.000 1,935,200 892.41%
<br /> TIF 30 Brighton Village-Beisswenger 2.683.000 13,154,300 390.28%
<br /> h F 31 Northwest Quadrant (West Side) 5.645.500 6.323.100 12.00%
<br /> T1F 32 Northwest Quadrant (East Side) 1.547.300 10,114,000 553.66%
<br /> TIF 33 MaNs Transmission Site Office Condo Development 141,700 1,162,200 720.18%
<br /> TOTAL 30,310.500 241.897.400 698.067i.
<br /> e Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 10
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