Tax Increment Financing (TIF) is a means of financing public improvements in a defined geographic area, known as a tax incremental district or "TIF District". A TIF district can be created by either a municipality or county. The specific procedures for creating a TIF district are outlined in SDCL ch. 11-9.
Current Tax Increment Finance Districts
Seger Crossing Business Park
Applicant: City of Box ElderDeveloper: B-1 Development Inc.
Cost: $11,500,000
Approved: June 18, 2019
Liberty Center Plaza
Applicant: City of Box ElderDeveloper: Dream Design International
Cost: $10,359,447
Amendment Cost: $3,610,624 (additional)
Total Cost: $13,970,071
Approved: December 15, 2020
Amendment: September 20, 2022 Apple Valley Affordable Housing Subdivision
Applicant: Pink Cabin LLC
Developer: Pink Cabin LLC
Cost: $12,413,620
Approved: December 7, 2021
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