Village similar to that used to finance the remediation of the East Village. In August CalgaryNEXT sports complex was proposed as a potential anchor to the levy zone. Local politicians expressed concern about the funding model, which proposed that the city would front between $440 and $690 million of the projected cost, most which would only be recouped over a long period of time. Mayor Naheed Nenshi commented that one of a number of challenges to the CalgaryNEXT proposal was the requirement of a community revitalization levy, along with the need for a land contribution from the City, "and significant investments in infrastructure to make the West Village a complete and vibrant community." Edmonton, Alberta creating a CRL to revitalize the downtown with a massive development project including a new arena, park development and upgrades including sewers which total approximately $CDN 500 million. The city hopes to "generate approximately $941 million in revenue in a medium-growth scenario." Ontario Toronto's Mayor John Tory plans on creating a levy zone to finance a massive $CDN 2.7-billion SmartTrack surface rail line project spanning 53 kilometres. See also Corporate welfare Corporate Welfare: Where’s the Outrage? – A Personal Exploration by Johan Norberg – Film includes detailed segment addressing TIFs Public finance Value capture References External links Scott, Brendan S., 2013 "Factors that Influence the Size of Tax Increment Financing Districts in Texas" Applied Research Project, Texas State University. An abstract of Weber's Equity and Entrepreneurialism: The Impact of Tax Increment Financing on School Finance (2003). An abstract of Weber, et al.'s "Does Tax Increment Financing Raise Urban Industrial Property Values?" (2003). Tax policy