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La Porte council reviews redevelopment TIF report as economic director and RDC present overview of tax-increment financing
Summary
La Porte Common Council members on Monday reviewed the Redevelopment Commission's annual tax-increment financing report and heard an explanatory presentation on TIF from the city's economic development director.
La Porte Common Council members on Monday reviewed the Redevelopment Commission's annual tax-increment financing report and heard a step-by-step explanation of TIF from Bert Cook, executive director of the La Porte Economic Advancement Partnership.
Craig Phillips, presenting the RDC's TIF management report, summarized activity across the city's districts and listed completed and ongoing projects the commission has supported. He told the council the Clear Lake Loop project is nearing completion, work on downtown alleys and the former Don George property (now a Chipotle) has been completed, and new private development is expected in Newport Landing including a Grand Heritage Credit Union branch and a Pine Lake dental office. Phillips said an agreement is…
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