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A worthwhile watch for anyone interested in neighborhood development with a few minutes to spare. I guess having mechanisms in place for payback and an explicit alignment of the spirit of TIF with the contractual obligations are a couple good ways to ensure that TIF is used as a shield for the nearby residents and not a sword against them.
Thanks! I live in Helena. I work IT at the Legislature. I see TIF every once in a while. This was a pretty clear explanation. So there's a group that decides how much if any TIF money a project will get. TIF projects normally look to fix up the neighborhood in dozens of ways such as tearing down shady buildings and building shiny buildings with better sidewalks and parking. I see you have a couple more shows in this TIF series. You have at least 102 and 103. I'll watch
Thanks for your question. In Montana, state law allows for an urban renewal agency to manage TIF monies. These agencies can operate through a five-member board or as a department inside of the local governing body - so, a mayor may not unilaterally decide how funds are dispersed. We always love to learn more about how other states manage their TIF programs - are there areas where a single municipal official can determine the way funds are spent?
@@stayfocusedmedia TIF regulations vary state to state, and city by city and, with our expertise is in Montana markets, we wouldn't be able to weigh in on TIF regulations in other states. However, you may want to start by first researching state codes for TIF regulations and then carefully reviewing specific municipal policy and procedure documents for the TIF district in question.
what abt rules/regulations on leasing an office space, that i mortgage, to a cannabis retailer? like can you lease out an office/retail space that is part of a building that is currently under mortgage?
Hi Glen - Great questions! The answer is, it depends. Because of how Montana structured their legislation, each county sets unique rules and regulations. Some counties do not allow any sales of adult-use products at all. You can get more info at www.sterlingcreadvisors.com/recreational-marijuana-in-montana/
Good day, Do you have a current list of these new apartments projects across the State. I have been following Matt for years, it's pass time I pull the trigger and start investing.
Nice job ladies! The next step to entrepreneurship is often brick & mortar for food trucks and vendors. As the Director of the Downtown Missoula Partnership, I love watching our food truck businesses grow. Two great examples? Masala and Dobi's! We love all of our food trucks and food vendors. Come check them out at River City Roots Festival this weekend - August 27-28, 2021 - in the streets of Downtown Missoula!
Hello Mr. Alvarez - Thanks for your comment. Local media source the Missoula Current noted that, "Montana’s unemployment rate continued its decline from the height of the pandemic, hitting 4.9% in October. Missoula’s unemployment rate also fell to 4.1%." While we aren't experts in specific industry stats, the Missoula Job Service is an excellent resource to learn more about jobs in your field. Their contact info can be found at montanaworks.gov/job-service-montana
Great job on the video Matt, you have a great presence. I am in the South and considering a job in Missoula, as I have always dreamed of living in Montana. However, the rental and home prices are extremely high to say the least. Even on a six figure salary, I'm not sure it would be a comfortable living in Missoula. Information Technology jobs, how is the job market for that industry?
Hi Jason - Thanks for your comments. We suggest checking out the Montana High Tech Business Alliance for more on tech jobs around the state: jobs.mthightech.org/ While we work in the commercial real estate space, and not residential, we've heard that some folks prefer to rent in Missoula first. Renting helps them develop a better sense of where in the city they want to live.
Wow, citizens from any other city would do anything to have a WinCo. In Idaho, there are people who drive for up to an hour to shop at WinCo. It's like a cult there.
Hi Ashley - thanks for inquiring about Panera Bread. What we know at this time is that they are still working with the city with permitting and such. There has been no time-frame given for them breaking ground at this point. We will keep you updated as we hear more!
Yeah, the Flying Squirrel parking lot contains too much parking. Unfortunately, I'm not sure if anything besides a single-story retail pad would work in the space.
