TIF Districts
Existing Tax Increment Financing Districts
Tax Increment Financing District 1
Tax Increment Financing District 1
- Established in 1990 to help with land acquisition and public improvements to facilitate the development of the Park Vista townhomes
- Decertified in 2015
- Development District 1 and Tax Increment Financing District 1 (PDF)
- Established in 1997 to help fund the construction of Stieger Lake Lane Bridge and land acquisition and site preparation for the Stieger Lake condominiums
- Decertified in 2016
- Amendment 1 of Development District 1 and Amendment 1 of Tax Increment Financing Districts 1 & 2 (PDF)
- Created in 2002 to fund new streets in the downtown, streetscaping and burying powerlines
- Will decertify in 2028
- Tax Increment Financing Plan, Districts 1-3 (PDF)
- Created in 2008 to develop a grocery store in Victoria
- Will decertify in 2036
- Contract for Private Development-11/13/08 (PDF)
- Created in 2016 to help facilitate the redevelopment of the Mainstreet building and construction of the public parking lot along Rose Street
- Will decertify in 2043
- Tax Increment Financing District 5-Area Coverage Test Map (PDF)
- Tax Increment Financing Plan, Districts 1-5, Rose Street (PDF)
- Created in 2016 to assist in the redevelopment of the Victoria Flats apartment building and the Stieger Lake Lane improvements
- Tax Increment Financing, Victoria Flats, Presentation to City Council on 10/24/2016 (PDF)
- Tax Increment Financing District 6 Map-Victoria Flats (PDF)
- Tax Increment Financing Plan-Victoria Flats (PDF)
- Created in 2019 to assist in the development of Bethesda Cornerstone Village community living for active seniors and independent adults with a developmental disability
- Will decertify in 2046
- Tax Increment Financing Map for District 7-Bethesda Lutheran Communities, Inc. (PDF)
- Tax Increment Financing Plan for District 7-Bethesda Lutheran Communities, Inc (PDF)
- Created in the fall of 2022 to help facilitate the development of the first phase of Downtown West
- Will decertify in 2050
- Tax Increment Financing District 8 Map-Downtown West Phase I (PDF)
- Tax Increment Financing Plan-Downtown West Phase I (PDF)