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Plan commission approves Boyd Boulevard TIF amendment after Microsoft offers to rescind tax agreement
Summary
The commission approved a resolution amending the Boyd Boulevard economic development plan after presenters said Microsoft offered to rescind a prior taxpayer agreement and not seek local incentives, which would allow the city to collect full property taxes and reallocate TIF revenues for public safety, education and child‑care projects.
The La Porte Plan Commission voted to approve a resolution recommending an amendment to the declaratory resolution and economic development plan for the Boyd Boulevard allocation area after presenters said Microsoft had offered to rescind a prior taxpayer agreement and decline local incentives.
Bert Cook, executive director of the La Porte Economic Advancement Partnership, summarized the change: the city’s redevelopment partner reported that Microsoft, which owns about 489 acres and is under construction, “came back to the city of La Porte to say, we are willing to wipe the existing…
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