Explainer: What is a Tourism Development Zone?

A TDZ— or tourist development zone — is just one tool that helps cities and private entities pay for new developments.
In this week's cover story, Breaking down the Grizzlies and EPE's full court battle, reporter Michelle Corbet discusses how Elvis Presley Enterprises (EPE) wanted to finance a proposed venue with TIF funds and how that process works.
Similar to a TIF, a TDZ creates a "zone" with a baseline tax revenue. Once the TDZ is enacted, the increment — or increase in the