Redevelopment commission reports stronger revenues, highlights housing and downtown recovery
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Summary
Officials said year-to-date redevelopment receipts are ahead of projections, described downtown and housing gains and outlined code-enforcement and preservation efforts; the commission also scheduled an executive session in January and recognized a departing member.
MADISON — City officials told the Redevelopment Commission the city's redevelopment/TIF receipts ended the year ahead of projections and highlighted several development projects and code-enforcement efforts.
A city official reported that settlement receipts for the year totaled $2,578,829, about $340,000 over the projection, and said the North Madison allocation area (including Madison Plaza) produced roughly $210,000 in partial-year receipts. The official also noted the upcoming openings and ribbon-cutting for a new Zaxby's location.
Commissioners discussed ongoing initiatives including Madison Main Street enhancements, Sunrise Crossing affordable housing and an RFQ soliciting developer interest for riverfront apartments tied to a recent rezoning. The mayor reported Jefferson County's unemployment (September figure cited at 3.6%) and said infrastructure projects are largely on time and on budget.
The commission praised the recently adopted vacant-and-abandoned-structures ordinance (adopted per the transcript in May 2025), discussed use of the PACE program and noted a planned partnership with Indiana Landmarks to restore the Custer Cosby House on 4th Street.
The commission recognized Carrie Strauss for eight years of service and presented a certificate of appreciation. Members set the next regular meeting for Jan. 13 and adjourned.
The meeting included procedural approvals (minutes and claims totaling $72,712.43) and scheduling of an executive session after the January meeting for further updates.