Tax incremental financing (TIF), why isn't this a bigger deal?

[Kyle Mack]

So my question/discussion is concerning Tax incremental financing (TIF), this seems to be a big pot of money in many areas. It seems many of the districts around the country start TIFs because there is a need to spur development in that area. 

If there is a need, why aren't people jumping all over it? Is it that they are, and its too difficult/competitive? Hopefully, I bump into someone on BP who has experience in this area