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.
Currently, Lexington has five active TIFs and one TIF pending approval from the Kentucky Economic Development Finance Authority. Listed below with links to agreements and maps of development areas.