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Last modified
7/17/2007 2:00:26 PM
Creation date
6/15/2005 9:05:25 AM
Metadata
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Template:
Planning Files
Planning Files - Planning File #
3405
Planning Files - Type
Miscellaneous
Project Name
HOUSING and REDEVELOPMENT AUTHORITY
Applicant
City of Roseville
Status
Approved
Date Final City Council Action
9/23/2002
Additional Information
Establishment of an HRA
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<br />ability to use TIF for redevelopment in the core cities. In addition, the state has become closely <br />involved in economic development and redevelopment throughout the state of Minnesota. State <br />legislation now dictates what the economic development public policy should be for all local <br />governments. <br />The legislature needs to take a step back and allow cities to identify their own economic <br />development needs. Each city has its own unique characteristics, and local officials are in the <br />best position to know what their residents' value regarding quality of life, availability of jobs, and <br />overall community development. <br />Tax increment financing needs to be returned to its original intent of allowing central <br />cities and inner-ring suburbs to eliminate blighted areas and revitalize older, deteriorating <br />neighborhoods. <br />Controversy has arisen because the use of TIF has expanded beyond its original intent. <br />Suburban communities are using TIF to attract development to cornfields. Local suburbs have <br />used TIF to pull jobs to the fringe of the metro region. This contradicts the smart growth <br />development strategies at the regional level as directed by the Metropolitan Council. <br />A metropolitan area needs to have a good plan for dealing with development and <br />controlling urban sprawl. We cannot continue to expand the metro area without impacting the <br />ability of our current infrastructure to deal with this growth. <br />Public policy and legislation cannot continue to facilitate and promote urban sprawl. <br />Infrastructure costs for rural and undeveloped areas are already high enough to seriously <br />impact our state's budget and financial viability. <br />In contrast, investment in the central cities, which already have a fully-developed <br />infrastructure, leverages tax dollars for the maximum benefit of the whole region. <br />Conclusion <br />The future of economic development in Minnesota is dependent on what happens to tax <br />increment financing. TIF is a successful tool for central cities and inner-ring suburbs to <br /> <br />24 <br />
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