Gain or gamble? Opposing sides in Confleunce Project debate do battle over TIF funding tool

While city officials tout increases in its tax base, new jobs and turning blighted land into parks as benefits of tax increment financing, opponents have risen to decry risks and what they see as low returns in Eau Claires use of an economic development tool widely employed by local governments.

The Confluence Project a $77.2 million development proposed for downtown Eau Claire using funds from government, private and donor sources is expected to be part of a tax increment financing, or TIF, district in which public money is used to pay for infrastructure with plans to repay that investment with tax collections from future development.

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Gain or gamble? Opposing sides in Confleunce Project debate do battle over TIF funding tool