A municipality wants to add bike lanes to several stretches of local roadways. Local funding is limited so the decision makers want to explore possible grant opportunities. Finding grants that specifically fund bike lanes is the obvious place to start. However, there are several different ways to validate the need for bike lanes.
Tax increment financing funds, or (TIF) funds, are often used by municipalities to create special funding sources for specific areas of improvements. These improvements may include redevelopments, infrastructure improvements, and other community-improvement projects.