The Whitestown Economic Development Commission is moving forward with a significant proposal that could reshape the Bridal Oaks area. At the recent meeting, discussions centered on the development of a multifamily project by Brown Capital, located just south of existing single-family homes. This initiative includes plans to extend Indigo Blue, which will enhance connectivity in the area.

To support this development, the commission is considering the creation of two new Tax Increment Financing (TIF) districts. These districts aim to generate funding for necessary infrastructure improvements, including the extension of Indigo Blue. The existing Bridal Oaks area has already been pledged to original bonds, and the new proposal seeks to refinance these bonds while also issuing new ones for the Mills on Main TIF.

In addition to the multifamily project, the area is seeing other developments, including a medical office and a proposed tap room, which will contribute to the funding of existing bonds. The commission's actions are poised to not only support current projects but also lay the groundwork for future developments in the Bridal Oaks area.

As the proposal moves through the redevelopment commission and council, it highlights a strategic effort to revitalize the region while ensuring financial sustainability through TIF funding. The anticipated outcomes include enhanced infrastructure and increased economic activity, marking a pivotal moment for Whitestown's growth.