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Commissioners introduce Vigo County Community Development Corporation to speed county property transfers
Summary
Commissioner Schweitzer presented a plan to form the Vigo County Community Development Corporation, a 501(c)(4) nonprofit intended to help the county transfer and develop county-owned properties more quickly; the board discussed governance, funding and safeguards.
Commissioner Schweitzer introduced the Vigo County Community Development Corporation (Vigo County CDC), a proposed 501(c)(4) social welfare nonprofit intended to help the county transfer and develop county-owned properties more quickly.
Schweitzer said the CDC is not intended to replace the Terre Haute Economic Development Corporation or the Terre Haute Redevelopment Commission but rather to provide another tool to move county property, facilitate development and ‘‘reduce the burdens of government.’’ Schweitzer said the CDC currently has no funds and that the initial plan includes selling 66…
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