Floyd County establishes Knobs Landing TIF district expansion to fund nearby infrastructure
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Summary
Commissioners approved a resolution to create a new, limited TIF district for Knobs Landing to pay for Highway 150 intersection and related infrastructure improvements; one commissioner expressed hesitation given recent state funding changes.
Floyd County commissioners voted to establish an expanded tax‑increment finance (TIF) area for the Knobs Landing development, a targeted move the county says will fund road and intersection improvements around Old Vincennes and Schreiber Road.
Speaker 8 described FCR 2025‑22 as a narrowly drawn new TIF area that adds two parcels into a district to capture incremental value for infrastructure work, including a signal or intersection improvements on Highway 150 and possible Shriver Road and station access improvements. The redevelopment commission approved the measure on Oct. 21 (resolution 2025‑3), and the plan commission found the proposal conforming with county development plans.
During discussion Commissioner (Speaker 7) said recent state legislative changes to funding make him “very hesitant to add on any TIF right now.” County staff noted no bonding has occurred yet; establishing the district is the first step before determining project costs and bonding. Speaker 2 moved for passage of Floyd County Resolution 2025‑22; the motion was seconded and passed by voice vote.
The resolution establishes the district; a further public hearing required by the redevelopment commission will occur before final approval of bonding and project financing.