Tax Incremental Financing District?

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From the Phoenix:

A tax incremental financing (TIF) district, encompassing a chunk of downtown and a slice of the West Side, is seen by supporters as a way to spur jobs, development and related improvements, including efforts to make downtown Providence more pedestrian-friendly. Critics, though, fear that a TIF, in the absence of additional efforts, will exacerbate gentrification and an exaggerated focus on developing downtown at the expense of the city