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Council approves amendment to Pendleton Pike allocation area expected to restore roughly $100,000 a year to redevelopment funds
Summary
The Lawrence Common Council approved Resolution 9 (2025) to amend the Pendleton Pike allocation area by removing two parcels the redevelopment commission says have shown sustained negative growth; the change is expected to increase TIF increment by about $100,000 annually and is time-sensitive for the '25 assessed/pay '26 cycle.
The Lawrence Common Council on Tuesday approved Resolution 9 (2025), which asks the redevelopment commission to remove two parcels from the Pendleton Pike allocation area.
Russell Brown, an attorney with the Indianapolis law firm Clark Quinn, told the council the two parcels have experienced “dramatic negative growth” since the allocation area’s creation and that removing them would “have a positive impact on the income coming into the redevelopment commission to the tune of, I…
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