Bill on changing 'blighted' tag for TIF projects passes 1st round in Nebraska Legislature

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Posted: Tuesday, January 14, 2014 12:00 am | Updated: 11:08 am, Tue Mar 25, 2014.

LINCOLN — Cities would no longer have to declare properties “blighted and substandard” to provide tax-increment financing for redevelopment projects under a proposal given first-round approval by the Nebraska Legislature on Tuesday.

The “blighted” tag causes consternation for property owners due to the stigma it attaches to a plot of land and worries that it will lower property values.

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