revenue growth results from new private development that occurs in the
district after it is formed. In some jurisdictions, the proceeds from taxincrement
debt are also used to finance business loans and incentives, such
as sites and facilities, for businesses that locate or expand their operations in
the district. Some local governments establish tax-increment districts and
issue such debt only if private development in the district is assured.Other
local governments form districts and issue tax-increment debt on a speculative
basis, expecting but not assured that private development will occur
in the district.To be successful, the plans for tax-increment districts and debt
must be tied into general development plans for a local government.