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Commission approves developer‑backed TIF pledge and development agreement for Triumph Meadow housing project
Summary
The commission unanimously approved a developer‑backed TIF pledge and development agreement for the 39‑acre Triumph Meadow housing project, which the developer says will include a mix of for‑sale and rental units, target 75% of units at 80–120% AMI, and rely on TIF to offset infrastructure costs.
The Michigan City Redevelopment Commission voted unanimously on Dec. 30 to approve a development agreement and a developer‑backed TIF pledge for a proposed 39‑acre housing project described in the meeting as "Triumph Meadow" (the project was also referenced in the record as "Tryon Meadows" and "Bridal Meadows" in various places).
Developer John Kachovic, joined by partner Gary Hench of Redstone Homes, presented a site plan for land on Tryon Road near Shady Creek Winery and the Mayfield Prairie subdivision. They said the project would include townhomes, about 38 single‑family lots and multiple two‑story rental buildings. Kachovic said the developer expects to rezone the parcel to accommodate the proposed density.
Kachovic and Hench said at least 75% of available…
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