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Council hears Tailwinds business-park introduction; developers seek $2M RDC loan for road on first reading
Summary
Developers described a $30 million Tailwinds business-park and asked the council to consider a forgivable loan from Redevelopment Commission/TIF proceeds to build a public roadway; the measure was presented on first reading and held for a second reading with Q&A on labor, sidewalks and funding.
On first reading Feb. 17, Michigan City councilmembers heard a presentation on the Tailwinds business-park project and an associated infrastructure financing request.
Skyler York, speaking for the city’s redevelopment staff, said the request is being made under the economic development commission enabling statute and that the item before council is a loan agreement arranged through the Redevelopment Commission (RDC) and reviewed by the Economic Development Commission (EDC). York…
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