Redevelopment commission approves first step to create Solar project allocation area
The Michigan City Redevelopment Commission voted July 14 to approve a declaratory resolution creating a site-specific tax-increment allocation area for a proposed solar project, allowing future TIF revenues to be pledged toward developer-backed bonds; the measure must clear multiple additional approvals before finalization.
The full story
The Michigan City Redevelopment Commission on July 14 adopted a declaratory resolution to create a site-specific allocation area for a proposed solar project, a first step that would allow tax-increment revenues from the project site to be pledged to bonds intended to help finance construction.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in