According to a recent study published on February 22 in the Indiana Policy Review (see link below), "Indianapolis’ transit-oriented development plan includes the use of tax-increment financing as well as a variety of other housing subsidies to promote developments along the Red Line. These include federal grants, the local Housing Trust Fund, and other sources of funding for so-called “affordable housing.” Contrary to claims by urban-renewal advocates, tax-increment financing is not “free money.” Any housing built in a tax-increment-subsidized development would have been built somewhere in the city, so taxes collected from that housing used to subsidize its construction are taxes that otherwise would have gone to schools, fire departments, and other property-tax-dependent entities. Not only does tax-increment financing not enhance growth, some researchers have found that it slows growth in cities that use it, probably because it imposes a higher tax burden or reduced urban services on residents and businesses. Another article of faith behind transit-oriented developments is that there is a pent-up demand for this lifestyle. “Demographic changes and shifting lifestyles are leading to greater demand for development that is walkable, higher density, mixed-use and transit-served,” says the Indianapolis plan.37 In fact, that too is mostly imaginary, which is why such developments nearly all have to be subsidized. The oft-repeated claim that Millennials prefer to live in cities rather than suburbs is belied by census data showing that the vast majority of people of all ages live in suburbs and that suburban numbers in all age classes, except the very elderly, continue to grow faster than city populations."