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Redevelopment director and financial advisor outline TIF revenues, bonds and shortfalls
Summary
Terre Haute's redevelopment director and financial advisor presented the Redevelopment Commission's April report, detailing 2025 TIF revenues, outstanding bond repayments and two TIF areas that underperformed projections and include developer guarantees to cover shortfalls.
Jordan Marvel, the city's executive director of redevelopment, introduced the Redevelopment Commission's April 15 financial report and said it fulfills a statutory presentation requirement for the council.
Jason Semler, the redevelopment commission's financial advisor, walked council members through 2025 figures for each tax-increment-financing (TIF) area, explaining how assessed-value growth is captured to fund infrastructure and incentives. "When you create a TIF…
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