Brownsburg Redevelopment Commission adopts Parkway Corridor TIF after public hearing

Brownsburg Redevelopment Commission members voted 5-0 on July 1, 2025 to adopt Resolution 2025-01C, a confirmatory resolution establishing the Parkway Corridor Economic Development Area and a coterminous allocation area (a tax increment financing, or TIF, district) on the town’s northeast side near the Ronald Reagan Parkway.

The vote followed a public hearing at which town staff described how a TIF would finance future infrastructure in the area, and residents and the school corporation’s representative raised questions about zoning, drainage, acreage and the potential fiscal impact on other taxing units under recent state property-tax changes.

Staff presentation and scope

Ethan Pierce, town planning/infrastructure staff, told the commission that a TIF is “an economic development tool that helps municipalities fund infrastructure improvements, redevelopment projects, and other public investments within that specific TIF area.” Pierce said the town has invested about $16,600,000 in northeast Brownsburg infrastructure since 2021 and that the proposed Parkway Corridor area consists of parcels voluntarily annexed in 2024 (the Hessian and Maloney properties). He said the annexed parcels were rezoned to I-2 (general industrial) as part of the annexation process and that the proposed town TIF overlaps a portion of an existing Hendricks County TIF created in 2017.

Pierce said seven…