Tax Increment Financing (TIF) is a state program that allows developers to apply a portion of newly generated taxes from an area to pay for a project’s public infrastructure. The Lexington-Fayette Urban County Government participates by committing a portion of newly generated taxes at the local level to state projects. Public infrastructure supported by TIF projects in Lexington has included parking, roads, sidewalks, curbs, lighting, and sewer infrastructure.
Active TIFs
Currently, Lexington has nine active TIFs.
- Phoenix Park/Centrepointe
- Red Mile
- Turfland Town Center
- 21c Museum Hotel
- Summit at Fritz Farm
- Midland Avenue
- Coldstream Research Campus
- Lexington Center
- Fountains at Palomar
Additional information on state participation can be found on the Kentucky Cabinet for Economic Development website.