The proposal is for a TIF project in Falkirk, Scotland. The project is chosen because it meets the criteria for a TIF project, which includes being primarily commercial in nature and generating public sector revenues. The project will involve the construction of a new stadium and related infrastructure, which will be used for sporting events and other public activities. The cost of the project is expected to be around £20 million, and the project is expected to generate private sector investment. The local authority has received internal support for the project and has undertaken work to develop the project further. The selection of the three pilot projects will be based on criteria such as the level of internal support received, the level of internal resources available, and the project's ability to meet the criteria outlined above.
