Fishers RDC adopts preliminary TIF resolution for Gray Eagle golf-course and multifamily project amid public objections

The Fishers Redevelopment Commission on June 9 adopted a preliminary declaratory resolution establishing the Gray Eagle economic development area and two allocation areas to support tax increment financing for a golf-course clubhouse and an age‑targeted multifamily project.

The action clears a procedural step that lets the city pledge future tax‑increment revenues toward developer‑purchase bonds for the two projects; commission members then approved separate resolutions pledging increment for the clubhouse allocation area and for the multifamily allocation area.

The case matters because the resolutions authorize using incremental property‑tax revenue generated in the new allocation areas to pay debt service on bonds described in the meeting documents (not‑to‑exceed amounts for related bond series were stated in the record). Opponents said the record lacks evidence the project qualifies as a “major” or “significant” business enterprise and raised concerns that long‑term tax flows would not go into general municipal, county or school budgets but instead would be pledged to bond repayment.

At the public hearing, Matthew Brands, 9446 Ash Lake Lane, said the city’s written…