Elizabethton Leaders Are Considering Creating The City’s First Tax Increment Financing Or TIF District. If Approved By The County Commission And The Housing And Development Agency, The New Area Affected Would Cover The Area From Sycamore Shoals State Historic Park To Cherokee Industrial Park And From West Elk Avenue To The Watauga River. The TIF Would Fund Incentives For Economic Development By Capturing Property Taxes From Any Increase In Value Of The Properties And Reinvesting Them Back Into The District With Hopes Of Increasing Value Further.