Austin Commercial TIF

Designation: 2007    Expiration: 2031


The Austin Commercial TIF district encompasses four main commercial corridors within the community that suffer from vacancies, dilapidation and various non-retail uses. The goal of the TIF is to help transition portions of North Avenue, Division Street, Chicago Avenue, and Central Avenue into strong and viable shopping districts that serve Austin's residential community and, in turn, fosters residential investment. As a means of attracting viable regional and local stores to the area, TIF funds are intended to support the assembly of land into sufficient sizes for contemporary projects, also to rehabilitate existing structures. Additionally, the 256-acre district is designed to support new infrastructure improvements and corridor beautification efforts, and to provide incentives for residential projects that accommodate the community's low-income residents.

 

Redevelopment Plan (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
10-Year Status Report

 

 

Austin Commercial TIF district, roughly bounded on the north by North Avenue, Race Avenue on the south, Cicero Avenue on the east, and Narragansett and Austin avenues (at the City Limits) on the west. 

PROJECTS

No projects to report at this time.

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