County approves step toward $10.5M TIF bond to spur University Parkway development
Special counsel Brad Bingham told commissioners the redevelopment plan will authorize developer‑purchase TIF bonds with a maximum par amount not to exceed $10,500,000 for site development; commissioners approved forwarding the matter for a confirmatory public hearing and county council consideration of a bond ordinance.
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Vanderburgh County commissioners advanced a proposal Aug. 10 to support development at University Parkway by authorizing steps that would permit a developer‑purchase TIF financing mechanism with a maximum par amount of $10,500,000.
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