Redevelopment commission agrees to pursue authority and lease‑rental bond to finance Whiteland roundabout

Whiteland, Ind. — The Whiteland Redevelopment Commission on July 10 voted to proceed with creating a redevelopment authority and to pursue a property tax lease‑rental bond to finance a roundabout at Bobglinton and Main Street, the commission’s staff said.

The vote to proceed — taken by voice roll call after a staff presentation and questions — starts a public process that will include a public hearing and separate approvals by the Whiteland Town Council and bond counsel before any money is borrowed.

Why it matters: The financing structure presented would let the town use future tax settlements to repay the bonds without immediately “starting the clock” on the town’s tax‑increment financing (TIF) area, officials said. The proposal would fund construction of the roundabout, include public artwork and purchase six license‑plate‑reader cameras and a first‑year subscription; the bond package is “just under 2½ million dollars,” staff said.

Carmen, a…