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Council approves developer TIF bonds for former Rebar Old Meridian site; veterans park planned
Summary
The Carmel Common Council approved developer tax-increment (TIF) bonds and a related land transfer for the Rebar Old Meridian redevelopment, clearing the way for age-restricted apartments and a community veterans park tied to a new Veterans Trail.
The Carmel Common Council on Sept. 15 approved a developer tax-increment financing plan to support redevelopment of the former Rebar Old Meridian site and accepted related land-transfer steps that will enable construction of a veterans park.
Councilor Snyder, sponsor of the ordinance, said the project will add roughly 200 apartments, largely age‑restricted for residents 55 and older, and allow the city to build a veterans park with community input. “This project is uniquely special. It adds, I believe, about 200 apartments,” Councilor Snyder said.
Henry…
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