TIF - Tax Increment Financing

NE 85th Street Future Vision Aerial Photo.JPG

Tax Increment Financing (TIF)

Analysis to represent a thorough and comprehensive evaluation of a future Tax Increment Financing program and establishment of a Tax Increment Area.



What is Tax Increment Financing (TIF) and how does it support the vision of the Station Area?
TIF is a way for local governments to invest in specific areas by using future increases in property taxes to fund improvements in those areas.  As improvements are made in a defined Tax Increment Area (TIA) and property values increase, the incremental increase in property values is used to finance infrastructure projects or any associated debt.  Using this financial instrument will encourage redevelopment and to help the City realize the vision for the Station Area.

For more information, please see the Kirkland NE 85th Street Station Area Tax Increment Project Analysis Report(PDF, 8MB).

Past Public Meetings

Public Briefings
April 5, 2023 - Press Release
April 20, 2023 - Public Briefing 1 Presentation, Video
April 26, 2023 - Public Briefing 2 Presentation, Video

City Council Meetings
August 3, 2022 - TIF Strategy for NE 85th Street Station Area Plan Memo(PDF, 3MB), Video
May 2, 2023 -TIF Update Memo(PDF, 729KB), Video
May 16, 2023 - TIF Update Ordinance Memo(PDF, 741KB) , Ordinance O-4846(PDF, 18MB) , Video


Learn About the Station Area Plan

The NE 85th Street Station Area Plan began in November 2019 and continues in various stages of development. Read more about the process on the NE 85th Street Station Area Plan webpage