Two downtown staples and one West End business looking to expand to Montana Avenue see their path to expansion through downtown Billings tax increment finance district.Â
The Burger Dive, Kibler & Kirch and a group that wants to bring Your Pie pizzeria downtown, have all applied for funding through the TIF district from the Downtown Billings Partnership.
A tax increment financing district is a special zone where some commercial property taxes are diverted into public/private urban renewal projects within the boundaries of the district. The hope is that the renewal projects lift property values in the entire district, thus generating more growth and more taxes to renew the TIF fund.