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Muncie Redevelopment Commission releases MALTIF balance to fund demolition at Muncie Mall outlots
Summary
The commission unanimously approved using the MALTIF account balance — roughly $432,000 — to reimburse demolition of the JCPenney end of the Muncie Mall to free up outlots for development, with reimbursement to be handled on a reimbursement-basis contract.
The Muncie Redevelopment Commission on June 26 voted to make the current balance of the MALTIF fund available to begin demolition of the JCPenney end of the Muncie Mall and to clear outlots for new development.
Redevelopment Director Jeff Howe told commissioners the MALTIF balance is “just under $432,000” and proposed allocating those…
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