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Redevelopment commission reports TIF funds steady; no outstanding bonds, infrastructure projects ongoing
Summary
The county’s redevelopment commission presented its annual tax-increment financing (TIF) update: five TIF areas are active, no bonds are outstanding, and recent TIF monies funded infrastructure work including Industrial Drive improvements and a new water main.
Steve Witt of the Terre Haute Economic Development Corporation and Jason Semler of Baker Tilly presented the redevelopment commission’s annual update on tax-increment financing (TIF) districts.
Witt said the county’s TIF areas include Heartland Steel, Staples, Eisenkrupp (spelled in some materials as “Eisenkrupp”), CertainTeed and Pfizer. He told the council “we have no outstanding bonds. They're…
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