Summary:

– Completed TIF projects in downtown Edmond have generated early revenue for schools and the city.

– Under-construction developments like The Ember , 103 N Broadway and The Townsend are projected to add millions over the TIF’s life.

– Timely completion of projects is key, as delays reduce the total increment revenue collected.

EDMOND — The seven tax increment finance projects approved to date in downtown Edmond are estimated to generate $2 million for Edmond Public Schools and $9.1 million for the city over the life of the TIF.

Leana Dozier , economic development program manager, presented an update on the program and the projects Monday during the City Council’s meeting.

TIFs provide gap funding to help developers finance projects. The money is paid out of the

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