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Whitestown redevelopment report: no new TIFs in 2024; developer-backed Wally’s bond issued
Summary
A municipal adviser presented the Redevelopment Commission’s 2024 annual report, showing no new TIF districts, one developer-backed bond issued in December 2024 to support infrastructure for the Wally's site, and a drop in cash balances tied to capital spending on a salt barn and land acquisition.
Nathan Fox, the municipal adviser for Whitestown, presented the Redevelopment Commission’s 2024 annual report required under Indiana law, summarizing activity in the town’s TIF districts and related finances.
Fox told the council the RDC did not create new TIF areas in 2024 but did issue a developer-backed bond on Dec. 18, 2024, to finance public infrastructure for the Wally’s site. The bond was…
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