Revitalizing Morgantown Through Strategic Investment.
Tax Increment Financing (TIF) is a powerful economic development tool that enables communities to revitalize distressed areas, attract private investment and enhance infrastructure. In Morgantown, the Sunnyside TIF District plays a key role in transforming the neighborhood into a modern, livable and economically sustainable area.
The Sunnyside TIF District.
The Sunnyside neighborhood was designated as a TIF District in 2008, recognizing the need for significant infrastructure and redevelopment efforts. Since then, TIF funding has supported key projects, including:
- Upgraded roads, sidewalks, and pedestrian-friendly spaces to improve walkability.
- Modernized infrastructure, including enhanced water and sewer systems.
- Public safety enhancements, such as better lighting and increased law enforcement presence.
- Mixed-use development that integrates residential, retail and commercial spaces to create a dynamic urban environment.
The Value of TIF
The impact of TIF in Sunnyside extends beyond infrastructure—it stimulates economic growth, supports small businesses and enhances community development. Some key benefits include:
Encouraging Private Investment
By funding essential improvements, TIF makes the area more attractive for new businesses, housing and retail spaces.
Job Creation & Workforce Development
Redevelopment leads to new employment opportunities in the construction, retail, hospitality and professional sectors.
Boosting Property Values
Strengthening Community Spaces
Better public amenities and streetscapes foster a more vibrant, connected and safe environment.
Accomplishments.
Key initiatives include:
Sunnyside Up Comprehensive Development Plan (2004) – A long-term strategy to address urban decay and modernize the neighborhood.TIF District Designation (2008) – Unlocking funding for critical infrastructure upgrades and mixed-use development.Ongoing Infrastructure Upgrades – Road enhancements, sidewalk improvements, business incentives and public safety initiatives to make Sunnyside a desirable residential and commercial hub.
These efforts aim to make Sunnyside a walkable, mixed-use urban neighborhood that balances student housing, residential living, and commercial development.
Learn More.
For a comprehensive understanding of TIF policies, regulations and funding mechanisms, refer to the WV Department of Revenue TIF Handbook. Contact us today for questions about TIF funding opportunities and ongoing projects in Sunnyside.
