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Commission approves new New Margaret allocation area and consolidation into 2020 consolidated EDA
Summary
The commission recommended two resolutions creating a New Margaret Street economic development allocation area and consolidating it with the city's 2020 consolidated economic development area to generate tax increment revenues for infrastructure extending New Margaret Avenue toward Fruitridge.
The Vigo County Area Planning Commission voted to forward favorable recommendations for two related resolutions: establishing a new economic development allocation area for the New Margaret Street project and consolidating that allocation area into the city's existing 2020 consolidated economic development area.
Dustin Meeks, identifying himself as counsel from Barnes & Thornburg representing…
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