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Edina staff outlines options to change TIF policy and sequencing, citing development hurdles
Summary
Staff presented an informational review of Edina's TIF policy, options to change process sequencing (zoning vs. financing), and possible programmatic approaches for targeted TIF uses; commissioners requested further analysis of PUD value and affordable-unit details.
Edina economic development staff delivered an informational presentation on Sept. 25 about how the city uses tax increment financing (TIF) and options for future policy changes, including potential shifts in the order of zoning and financing discussions and consideration of programmatic TIF approaches.
Manager Bill Neuendorf reviewed the city’s TIF history and the 2022 policy update, and identified development barriers such as high land costs, rising construction and parking costs, regulatory…
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