South Burlington’s City Center was approved as a TIF district by the State in 2013. This special tax district designation will allow taxes collected on City Center properties to be redirected toward the continued development of City Center–a self-perpetuating funding mechanism that has had great success elsewhere in the State and in the nation.
The VT Agency of Commerce & Community Development has a very useful website for those interested:
http://www.accd.vermont.gov/strong_communities/opportunities/funding/tif