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The case of Kelo v. New London raises significant questions about economic development and the use of eminent domain. Justice Stevens emphasized the importance of a carefully formulated development plan that aims to benefit the community, while Justice Kennedy noted the necessity of comprehensive planning for such takings. Tax Increment Financing (TIF) is highlighted as a method for fostering growth, yet some studies suggest that cities using TIF may grow more slowly than those that do not. Analyzing the implications of TIF in various urban projects provides valuable insights into modern economic strategies.
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New London had "carefully formulated an economic development plan that it believes will provide appreciable benefits to the community" —Justice Stevens, Kelo v. New London
"The taking occurred in the context of a comprehensive development plan." —Justice Kennedy, Kelo v. New London
Tax-Increment Financing Base Revenues
Tax-Increment Financing Increment Base Revenues
Tax-Increment Financing Increment Post TIF Base Revenues
Tax-Increment Financing Inflation
Tax-Increment Financing Services
Tax-Increment Financing Would have happened anyway
“Cities that adopt TIF grow more slowly than those that do not.”
Stapleton $295 million
Center Commons $13 million
Beaverton $10 million
Portland $29 million
Cabela’s in Fort Worth $40 million
Bass Pro in Mesa $84 million
