Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Area plan commission approves two TIF allocation areas for Brickyard Estates, Paddock At The Park
Summary
The Vigo County Area Plan Commission approved two redevelopment resolutions allowing the cityto collect future tax increment for infrastructure in a planned Brickyard Estates/Paddock At The Park economic development area; opponents urged caution and said rezoning and subdivision remain separate processes to be decided later.
The Vigo County Area Plan Commission voted to approve two resolutions allowing the cityredevelopment commission to create an economic development area and two tax-increment financing (TIF) allocation areas for property north of Ohio Boulevard and east of Brown.
Redevelopment counsel Meeks told commissioners the request is limited to redevelopment statute review, saying, "the request tonight is coming under 36 7 14, which is the redevelopment statute." He said the commissionwas being asked only to confirm that the redevelopment plan conforms to the unitplan of development.
The resolutions approved a commercial allocation area (the "Paddock At The Park" allocation area) with a 25-year life and a residential allocation area (the "Brickyard Estates" allocation area) with a 20-year life. "Commercial TIFs have a 25 year life. Residential TIFs have a 20 year life," Meeks said, adding that residential TIFs capture single-family…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
