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Redevelopment commission TIF report: $11.6M Station Block spend, millions in allocation balances
Summary
Baker Tilly presented the City of Michigan City’s 2024 TIF management report, summarizing last year’s Station Block expenditures, grant awards to schools and year-end allocation balances across TIF areas.
Andy Mauser of municipal advisory firm Baker Tilly presented Michigan City’s 2024 Redevelopment Commission TIF management report to the Common Council on April 15, reviewing allocation-area activity, 2024 expenditures and fund balances.
Mauser said Redevelopment Commission expenditures in 2024 included roughly $11.6 million for the Franklin/Eleventh Street Station Block project and noted $4.2 million in principal and interest payments on outstanding debt during the year. He said TIF-funded grants and loans in 2024 included technology…
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