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Carmel Plan Commission forwards Clay Terrace and BJ's Wholesale TIF allocation-area resolutions to council
Summary
On Jan. 21, 2025 the Carmel Plan Commission voted to recommend two allocation-area resolutions tied to Clay Terrace and BJ's Wholesale to the City Council, a step in the city's TIF process.
The Carmel Plan Commission on Jan. 21 voted to forward two redevelopment allocation-area resolutions — one covering Clay Terrace and one for property around BJ's Wholesale — to the City Council with favorable recommendations.
The resolutions (PC-1-21-25-A and PC-1-21-25-B) would designate the named tracts as allocation areas under state statute and approve associated Economic Development Plans. Henry Metzetzky, Carmel Redevelopment Director, told commissioners that allocation areas are the mechanism by which a jurisdiction captures future…
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