WASHINGTON — Tax-increment financing is an increasingly popular finance tool for cities looking to finance mass transit development, but participants in such projects said Thursday that economic conditions have created several significant challenges for TIF undertakings.

Speaking to an audience of mainly local government employees and bankers during a webcast sponsored by the Council of Development Finance Agencies and Stifel Nicolaus & Co., Alex Iams, a commercial development planner for Arlington Economic Development in Virginia, and Karl Stundins, area redevelopment program manager for Dallas, expressed similar concerns.

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