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Council closes public hearing on Park 24 abatement waiver; building complete but unleased
Summary
The Hammond Common Council held and closed a public hearing on a resolution to delay the start of a tax abatement for Park 24 Hammond LLC by one year; city economic development staff said the 400,000‑square‑foot building is complete and seeking tenants.
At the Hammond City Council meeting, members held a public hearing on Resolution 25 R-17, a request by Park 24 Hammond LLC for a waiver of noncompliance under Indiana Code related to a tax abatement for tangible real property at 24 Marble Street.
Juan Moreno, the city’s director of economic development, told the council Park 24 is a $40,000,000 investment: a 400,000‑square‑foot industrial spec building on an underutilized site near Gateway Station that was completed in 2024…
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