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Whitestown commission adopts resolution authorizing bonds for Padgett Commons project
Summary
The Town of Whitestown Economic Development Commission on June 2 adopted Resolution 2025-01 to authorize a portion of economic development revenue bonds for New City Development Partners LLC's Padgett Commons, a mixed-use project on roughly 40 acres that includes retail, housing and road work.
The Town of Whitestown Economic Development Commission voted to adopt Resolution 2025-01 on June 2, authorizing certain actions related to proposed economic development revenue bonds for New City Development Partners LLC and the Padgett Commons project.
The vote authorizes a portion of an overall financing package the presenter described as roughly $33,000,000; the portion before the commission for this evening was described as $1,500,000 and is intended for on-site incentives rather than the larger public infrastructure elements. A motion to adopt the resolution carried, recorded as 3-0 in favor.
A staff member who provided the overview said the Padgett Commons site is “essentially…
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