Council tables TIF vote on Brickyard Estates, Paddock at the Park after broad public comment

The Terre Haute City Council on Thursday delayed action on a pair of measures to create an economic development area and tax-increment financing (TIF) districts for a proposed Brickyard Estates and Paddock at the Park development until a June meeting, after extensive public comment and questions about school capacity, traffic, historic character and the financing structure.

The council voted to table Resolution 13-20-25, which would have declared the Brickyard Estates and Paddock at the Park economic development area and established the commercial TIF allocation area, until the council’s June 12 meeting. Councilman Chalos moved to table and Councilman Diggle seconded; the motion carried with a voice vote of ayes. A companion measure (Resolution 14-20-25) to establish a residential allocation area remained under discussion and had not been adopted by the time the council recessed.

The proposal before the council would attach two development components to the same economic development area: Paddock at the Park, a proposed 176-unit, class-A multifamily project on roughly 12 acres led by Crestline Communities, and Brickyard Estates, a proposed 93-lot single-family subdivision on about 23 acres developed by Jared Grable. Attorneys and project representatives told the council the overall private investment is about $70 million, the multifamily portion is “a 30-plus million dollar investment,” and the multifamily rent range was presented as roughly $1,250 to $1,872 per month. Jared Grable described single-family homes averaging about 1,600–1,700…