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Council approves Triand Meadow housing TIF resolution enabling developer‑backed bond for infrastructure
Summary
The Michigan City Common Council adopted a resolution allowing the redevelopment commission to proceed with a housing tax-increment financing plan for the Triand Meadow area and advanced an ordinance proposing developer-backed taxable economic development bonds; the resolution passed 8-0.
The Michigan City Common Council voted 8-0 on May 6, 2025, to adopt a resolution authorizing next steps for a housing tax-increment financing (TIF) plan tied to the Triand Meadow economic development area and to enable the redevelopment commission and plan commission to proceed with related actions.
Councilman Terry Dabney, sponsor of the resolution, told the council the housing TIF is designed to fund infrastructure needs for the development. Skyler York, director of redevelopment, explained at the meeting that the financing mechanism being pursued is a…
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