[Mr Downtown]

A LSE TIF would have frozen the tax collections at what the railroad was paying back in the 1970s, and steered all the area's property tax increase since then into paying back the bondholders for building the needed infrastructure.

Instead, all the increase over LSE's taxation proceeds when it was railroad land has gone to benefit the public. The new residents paid for the streets and pipes they needed (as part of their purchase price) and also pay extra property tax to pay off the bonds on the park.