Council approves two tax‑increment financing actions to support local development projects
On Feb. 3 the council approved amendments to create the Kennedy Cloy allocation area and authorized a developer‑backed TIF bond for KTKF Holding LLC; the body also authorized bonds to fund the Arnold Place project (series 2025) with a maximum aggregated principal amount read on the floor. Both items passed after committee endorsement.
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The Indianapolis City‑County Council on Feb. 3 approved two economic development actions referred by the Metropolitan Development Commission and committee: the creation of a Kennedy Cloy allocation area (amendment to the downtown redevelopment area) tied to a developer‑backed tax increment revenue bond for KTKF Holding LLC, and authorization of tax increment revenue bonds to fund the Arnold Place project.
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