Webtax increment rebate guidelines. A special funding tool available to local governments to help spur economic development for projects that provide a community benefit, and. Webon wednesday the fort myers community redevelopment agency granted $11 million in tax rebates to the developer of the irving. Webtax increment financing (tif) is a special funding tool available to local municipalities that spurs economic development which otherwise would not occur. Webtwo development companies asked for $22. 4 million in increment tax rebates from the city of fort myers, in exchange for building new housing and. Webthe private investment project is a $25. 4 million project that will add $19. 1 million in taxable value to the city of fort myers’ tax base. Currently a parking lot, upon. Webaccording to a press release announcing the project, it will be the only downtown residential community with attached parking. The alzada co. , the developer,.
