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Commissioners adopt Resolution 006 to create Clay Township/US‑50 economic development allocation (TIF)
Summary
Dearborn County adopted Resolution No. 006 on Dec. 2 creating the Clay Township US‑50 economic development allocation (TIF). Redevelopment officials said the TIF could yield roughly $72,000 per year from an incoming data center and $7.17 million in redevelopment receipts; one commissioner expressed concerns about the size of the economic development area before the resolution passed.
Dearborn County commissioners on Dec. 2 adopted Resolution No. 006, creating the 2025 Clay Township US‑50 economic development allocation area (a tax increment financing, or TIF) after redevelopment officials and counsel described projected revenues and planned uses.
Jim Deaton, identified as president of the redevelopment commission, and redevelopment counsel presented the plan and financial scenarios. They said establishing the allocation area would create a TIF that could…
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