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Merrillville approves interlocal with GPTC to fund Broadway Express through tax-increment allocation
Summary
The Town of Merrillville Redevelopment Commission on Oct. 28 approved an interlocal cooperation agreement with the Gary Public Transportation Corporation to use tax-increment allocation funds in support of Broadway Express transit service.
The Town of Merrillville Redevelopment Commission on Oct. 28 approved Resolution 25-18 authorizing an interlocal cooperation agreement with the Gary Public Transportation Corporation to apply tax-increment allocation toward continued Broadway Express service.
"This agreement has been reviewed by our town attorney and also our bond counsel," said Michael Griffin, a town staff member presenting the item. He said the agreement is needed to use allocation (tax-increment) funds to pay a portion of the Broadway…
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