Method of financing a project or development in a designated geographic area based on the anticipated increase in property tax assessed on the increase in property value due to a development project implemented in that area. The increase is determined according to the baseline property value prior to the development project. The tax revenues that are collected from the increased property value can be collected into a separate fund and used for further development projects. The city can utilise this income to offer loans and subsidies for commercial projects in the area. By creating these districts, cities can spark new private-public partnerships and new economic activity.