Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Michigan City approves term sheet to support Tailwinds Business Park with up to $2 million loan
Summary
The Redevelopment Commission approved a term sheet Nov. 17 to support the Tailwinds Business Park on about 14.25 acres south of the AMC theater; staff said $2 million is available as a forgivable loan and developers said the $30 million private project would include a public roadway and up to 11 flex buildings.
The Michigan City Redevelopment Commission voted unanimously Nov. 17 to accept a term sheet that would commit up to $2 million toward roadway work to enable the Tailwinds Business Park, a private development developers described as roughly a $30,000,000 investment on about 14.25 acres east of Meijer and south of the AMC theater.
The term sheet presented by developers asks the commission to provide a forgivable loan for the first phase — a public roadway that developers estimated would cost about $3.1 million. "You're gonna get a road…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
