Abstract
Tax increment financing (TIF) is a local economic development tool that funds improvements in an area designated as a TIF district with property tax revenues generated from the growth in property values in the district. This paper tests a number of explanations for the location of TIF districts within a city by estimating Weibull duration models of the time to inclusion in a TIF district for neighborhoods in Chicago. The results suggest that a neighborhood's hazard of inclusion in a TIF district is positively related to neighborhood distress, the presence of Empowerment Zones, and the passage of time and negatively related to a neighborhood's political influence.
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