The City runoff election for the office of At-Large Council Member will be held on Tuesday, April 30, 2024, from 7 a.m. to 7 p.m.
Since the City of Sioux Falls established its first Tax Increment Financing District in 1989, the City has taken a conservative approach to the establishment of TIF Districts in Sioux Falls. The City has effectively and reasonably used TIF as a development incentive for blighted areas within the core of our community.
Tax Increment Financing assists local governments in attracting private development and new businesses into blighted areas. New businesses mean more jobs, more customers, and in turn, more private investment. The jobs and additional investment, both private and public, mean more money for the community.
TIF Diagram - Explanation:
TIF District #11 was created in 2011 for the clean-up of property near Terry Redlin Elementary which helped lead to the Bancroft Place development. Download Map of TIF District #11 Approved TIF District #11 Project Plan
TIF District #12 was created in 2011 for the continued redevelopment of property in the vicinity of Phillips to the Falls and to initially support the Dekalb Lofts project. TIF District #8 was terminated in creating TIF #12. Download Map of TIF District #12 Approved TIF District #12 Project Plan
TIF District #13 was created in 2011 to support public improvements as part of Raven Industries’ major investment in a headquarters facility in Downtown Sioux Falls. Download Map of TIF District #13 Approved TIF District #13 Project Plan
TIF District #14 was created in 2012 for the construction of the Downtown Hilton Garden Inn building at the site of the former Schoeneman's Lumber Company. Download Map of TIF District #14 Approved TIF District #14 Project Plan
TIF District #16 was created in 2012 to mitigate challenging topography and site clean-up for the construction of 80 affordable single family homes referred to as Whittier Heights. The proposed project is located east of north Cliff Avenue and north of East 1st Street. Download Map of TIF District #16 Approved TIF District #16 Project Plan
TIF District #20 was created in 2015 to construct a mixed-use building at 120 West 12th Street to provide economic stimulus and improve a blighted area. The site is bordered by South Main Avenue to the west, West 12th Street to the south, and West 11th Street to the north. The property is directly east of the Washington Pavilion. Download Map of TIF District #20 Approved TIF District #20 Project Plan
TIF District #21 was created in 2017 as part of an extension of Phillips Avenue to Falls Park for development of City-owned property. The site is bordered by North Main Avenue to the west, West 2nd Street to the north, and North Phillips Avenue to the east. Download Map of TIF District #21 Approved TIF District #21 Project Plan
TIF District #23was created in 2020 to assist with the development of Foundation Park North to stimulate economic development activity in the development park. The site is in northwest Sioux Falls north of I-90 and west of I-29. Download Map if TIF District #23 Approved TIF District #23 Project Plan
TIF District #24was created in 2021 to construct a mixed-use development at the old Sioux Steel site downtown to stimulate economic development of the site by supporting the construction of a parking ramp to support the public's access to the development. The site is bordered by Falls Park West to the west and north, West 6th Street to the south, and the Big Sioux River to the east. Download Map if TIF District #24 Approved TIF District #24 Project Plan
TIF District #25was created in 2021 to construct a mixed-use development at the Cherapa property and a portion of old railyard property, and will support the construction of a parking ramp to support density and the public's access to the development. The site is south of 6th Street east of the Big Sioux River. Download Map if TIF District #25 Approved TIF District #25 Project Plan
Application for Tax Incremental Financing District
Full City Ordinance -Tax Incremental Districts (64-13)