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Commission adopts declaratory resolution to start Tryon Meadows TIF process
Summary
The Redevelopment Commission voted to adopt Declaratory Resolution 2‑25, establishing the Tryon/ Trium Meadows economic development area and three allocation areas as the first step toward TIF-backed bonding to pay infrastructure for a multi‑phase residential and mixed‑use project.
The Michigan City Redevelopment Commission on April 14 adopted Declaratory Resolution 2‑25 to establish the Tryon (Trium) Meadows Economic Development Area and three allocation areas — two commercial and one residential — enabling tax-increment financing (TIF) mechanisms to fund infrastructure for a multi‑phase development.
Developer John Koffchak told commissioners the project is planned in three phases with a mix of single-family homes, townhomes and multifamily apartments; he said total project cost including…
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