Top Rye, NY Tax Increment Financing Lawyers Near You
Tax Increment Financing Lawyers | Serving Rye, NY
21 Oakland Avenue, Warwick, NY 10990
Other Nearby Offices
Blustein, Shapiro, Frank & Barone, LLP has experience helping clients with their Tax Increment Financing needs in Rye, New York.
1 Pennsylvania Plaza, Floor 45, Suite 4515, New York, NY 10119
75 Rockefeller Plaza, 2600B, New York, NY 10111
55 West 46th Street, New York, NY 10036-4120
810 Seventh Avenue, Suite 1105, New York, NY 10019
101 Park Avenue, 17th Floor, New York, NY 10178
10 Bank Street, Suite 700, White Plains, NY 10606
60 E 42nd St, 40th Floor, New York, NY 10165
1133 Westchester Avenue, White Plains, NY 10604-3407
1301 Coney Island Ave, Suite 2a, Brooklyn, NY 11230
1290 Ave of the Americas, 14th Floor, New York, NY 10104
1270 Ave of the Americas, 7th Floor—1050, New York, NY 10020
45 Rockefeller Plaza, New York, NY 10111-0100
1177 Avenue of the Americas, 43rd Floor, New York, NY 10036-2714
1120 Avenue of the Americas, 13th Floor, New York, NY 10036
120 Bloomingdale Road, Suite 100, West Harrison, NY 10604
479 Merrick Rd., Lynbrook, NY 11563-2405
1251 6th Ave, 37th Fl., New York, NY 10020
1345 Ave of the Americas, 22nd Floor, New York, NY 10105
250 W 55th St, 13th Floor, New York, NY 10019
90 Park Avenue, New York, NY 10016-1314
30 Broad Street, 14th Floor #1482, New York, NY 10004
220 E 42nd St, Ste 3101, New York, NY 10017
The New York Times Building, 620 Eighth Avenue, New York, NY 10018
1177 Ave of the Americas, 5th Floor, New York, NY 10036
Rye Tax Increment Financing Information
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What Is Tax Increment Financing?
Tax increment financing (TIF) is a special tax treatment cities and states give certain areas of land to incentivize redevelopment. Examples of projects that tax advantage of tax increment financing include:
- Redeveloping vacant buildings and unused structures
- Developing a sports complex
- Cleaning up polluted land and properties
- Improving downtown business districts
- Financing infrastructure improvements
What Are Some Examples of Situations Where I Might Need a Tax Increment Financing Lawyer?
If you are trying to develop unused or blighted areas of Rye, tax increment financing can generate investment in the development projects. This is a way to motivate investors to help fund a project that will pay for itself with increased tax revenue from a growth in property value. You should consider hiring a lawyer who specializes in TIF compliance at the beginning of your project.
How Can a Tax Increment Financing Lawyer Help Me?
Tax increment financing is a way for cities to develop projects that will cover the initial investments from their own increased property value. Taxpayers may not want to support outright spending projects. Taxpayers may be more willing to support TIF projects because they pay for themselves over time. A tax increment financing lawyer can help with:
- Legal counsel and guidance
- Identifying the right financing projects
- Drafting the tax increment financing agreements
- Tax structuring to recuperate project investments
What Could Happen if I Don’t Hire a Tax Increment Financing Lawyer?
Tax increment financing projects are complex. These projects require extensive investigations into the property, zoning, stakeholders, property owners, land use restrictions, and environmental issues. Without hiring a TIF lawyer, your project could face many complications, including:
- Toxic tort litigation
- Community opposition
- Zoning restrictions
- Lack of financing
What Are the Top Questions When Choosing a Tax Increment Financing Lawyer in Rye?
When you look for a TIF lawyer, ask questions to make sure they are the right person for the job. Many lawyers offer consultations so you can understand your options and get specific legal advice. The top questions to ask include:
- What experience do you have in handling tax increment financing projects in New York??
- What is your approach to starting a TIF project?
- What potential legal strategies may be applicable to my case?
- What are the potential consequences and penalties if there are problems with the project?
- How will you communicate with me through this legal process?
Tips for Hiring a Tax Increment Financing Lawyer
When you are looking for the right lawyer, find someone who will protect your interests, represent your needs, understand your case, know your goals, and have the necessary experience. Some tips for finding the right lawyer include:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about fees and billing
- Trust your instincts