Redevelopment Commission backs term sheet to support 7th & Wabash mixed‑use project, offers developer‑backed bond access
The commission unanimously approved a term sheet Nov. 17 that allows Julian Walters' Eminent Development Corporation access to up to $3 million in a developer‑backed bond mechanism for a five‑story, mixed‑use project at 7th & Wabash featuring about 60 units and 6,000–8,000 sq ft retail.
The full story
The Michigan City Redevelopment Commission voted unanimously Nov. 17 to accept a term sheet that will allow developer Julian Walters to pursue access to a developer‑backed bond of up to $3,000,000 to support a proposed five‑story, mixed‑use development at 7th and Wabash.
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