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Michigan City redevelopment commission hears Baker Tilly update showing healthy TIF collections, new allocation areas
Summary
Andy Mouser, a consultant with Baker Tilly, gave the Michigan City Redevelopment Commission its annual TIF update on Feb. 6, reporting roughly $7.5 million in combined TIF collections for 2024 and projecting modest growth for 2025.
Andy Mouser, a consultant with Baker Tilly, gave the Michigan City Redevelopment Commission its annual tax-increment financing (TIF) update at the Feb. 6 meeting, reporting stable collections across the city’s consolidated TIF areas and outlining how upcoming expirations and new allocation areas will affect future revenue.
The presentation showed combined collections of roughly $7.5 million in 2024 for the North Side, South Side and Station Block allocation areas, with an estimate of about $7.7 million for 2025. Mouser said the North Side area collected about $4,368,000 in 2024 (the 2024 estimate had been $4,317,000) and the South Side collected about $3,230,000 (versus a $3,185,000 estimate). The consultant projected modest growth in 2025 for both areas.
Mouser said the Station Block/mixed‑use transit allocation area, established in 2023 for…
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