|
A
Vibrant Future for Greenbrier
As the largest mixed-use district in Hampton Roads, Greenbrier provides
a safe and modern environment to work, shop, dine, lodge, relax
and be entertained. Recognizing the District's importance as a community
asset and source of tax revenue, the Chesapeake City Council established
the Greenbrier Tax Increment Financing (TIF) District. The TIF District
will provide for Greenbrier's future as an accessible, safe and
vibrant mixed-use development.
|
|
What
is a TIF District?
Tax Increment Financing, or TIF Districts are used in the U.S and
Virginia in accordance with enabling state laws. TIF Districts allow
local governments to direct a portion of identified incremental tax
revenue toward improvements in a specially established district for
the purpose of eliminating blight or providing economic development
benefit.
|
