Wins for excellence in tax increment financing
BOWLING GREEN, Ky. (Nov. 3, 2014) — The Warren County Downtown Economic Development Authority has been named the winner of the 2014 Council of Development Finance Agencies (CDFA) Excellence in Tax Increment Finance Award for their work on the WKU Gateway to Downtown Bowling Green.
The annual awards recognize outstanding development finance programs, agencies, leaders, projects and success stories. Winners are honored for excellence in the use of financing tools for economic development, as well as the individuals who champion these efforts.
WKU Gateway to Downtown Bowling Green is a 383-acre, 52-block TIF district in downtown Bowling Green.
The TIF district is now home to a 4,500-seat minor league baseball stadium, 106,000-s.f. mixed-use building and a growing internet-based firm. The total capital investment projected in the TIF is expected to be more than $225 million within the next 5 years. As of November, 2013, total capital investment was $150 million.
The awards will be formally presented at the 2014 CDFA National Development Finance Summit on Nov. 20 in Scottsdale, Ariz.