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Redevelopment Commission confirms Boulder Run economic development area, pledges TIF to Emerald Chase housing project
Summary
The Elkhart City Redevelopment Commission confirmed the Boulder Run Economic Development Area June 10, approved a TIF pledge to support bonds for an 86‑lot Emerald Chase subdivision and authorized the project’s economic development agreement.
The Elkhart City Redevelopment Commission voted Tuesday to confirm the declaratory resolution creating the Boulder Run Economic Development Area, to pledge tax‑increment revenues to bonds for the project and to approve an economic development agreement with the developer, Emerald Chase.
Staff said the project is an 86‑unit single‑family subdivision proposed in the city’s northeast and that the developer expects to invest about $7 million in infrastructure. The redevelopment plan creates a…
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