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Commission approves schedule amendment for waterfront solar‑tower project; developers outline financing steps
Summary
The redevelopment commission approved an amendment to the development agreement for the large waterfront ‘You Are Beautiful’ solar/tower project to extend performance deadlines and set a schedule for EID and TIF actions required for financing.
The Michigan City Redevelopment Commission on June 9 approved an amendment to the amended and restated development agreement for the waterfront solar and residential tower project (referred to in the meeting as the “You Are Beautiful” site) that extends the developer’s deadlines and sets a firm schedule for the EID and TIF ordinance work the project needs to close its financing.
Why it matters: Developers said the project’s capital stack depends on bond proceeds tied…
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