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Planning commission briefed on $2 million EDC incentive for south‑side retail project
Summary
Planning commissioners heard an informational presentation about a proposed south-side retail development (Trailwinds) that would use a $2,000,000 EDC/RDC forgivable loan (TIF) to build a public road and enable roughly 12 lots with small-format retail; commissioners were asked to consider providing a nonbinding letter of support—no formal action was taken.
The Michigan City Planning Commission on Feb. 24 was briefed on a proposed south‑side retail and connectivity project—referred to in staff materials as Trailwinds—that the Economic Development Commission and Redevelopment Commission have notified the commission about and for which the RDC/EDC has pledged a $2,000,000 incentive structured as a forgivable loan.
“We used a code that allowed the redevelopment commission to pledge a $2,000,000 incentive,” the Presenter said, describing the incentive as part of a public–private partnership to construct a new public road and open about 30 acres for development behind the AMC Theatre between Loews, Menards and Cleveland Avenue.
Why it matters: staff and the…
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