earticle

영어

Tax Increment Financing (TIF) is the process of raising funds through the increase of taxes in future business areas. The local government treasury department finance is built by the increase of future tax revenue due to the real estate price rise in the urban regeneration area, TIF has been used in the US especially today. Because urban regeneration projects can be said to be achieved not only during the project period but also after the end of the project period, in order to finance the local taxation as a collateral, it is necessary to induce the interest of the local residents to be in charge of business management. In this study, We found the possibility of provision for urban regeneration total costs, which are essential for the sustainability and continuity of urban regeneration areas, through the financial simulation for the case region. As compared with urban regeneartion, in the extensive rebuilding apartment houses and residential area redevelopment process, it is difficult for the stakeholder to bear urban regeneration costs additionally, due to the huge land development land and financial donation. This research result will motivate the Tax Increment Financing to proceed smoothly during the urban regeneration project period longer than we expect.