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Redevelopment commission approves multiple TIF allocations, demolition financing and housing support
Summary
The Logansport Redevelopment Commission approved several TIF-funded actions including a $300,000 Eastgate property fund, financing for demolition at 41 East Market and a $200,000 supplemental allocation for the Elk's (430 North Street) rehabilitation; officials also authorized RFPs and signing authority to expedite development deals.
Chair called the Logansport Redevelopment Commission meeting to order and the board approved a series of funding and procedural actions aimed at advancing downtown redevelopment and housing supply.
Staff summarized a request to create an Eastgate property fund and to use TIF dollars for demolition and exterior repairs. "The $300,000 would be paid as a 125,000 for the industrial park TIF fund, $125,000 for consolidated TIF fund, and $50,000 for the downtown TIF fund," Chair said when moving the resolution to fund the Eastgate account; the motion passed with one abstention. The board recorded this as resolution 2026-320.
The commission also approved the sidewalk program application for Security Federal Savings Bank under resolution 2026-322. Staff noted the program cap is $5,000 per fiscal year and that the bank's expense to date was $11,178; commissioners voted to fund up to the $5,000 program limit.
On redevelopment projects, members approved resolution 2026-323 to fund demolition work at 41 East Market Street. Staff recommended awarding the work to a low bidder (Merit and Son) and explained the quote included an asbestos inspection and survey; Chair's motion to finance the demolition with $125,000 from TIF sources carried.
The board also addressed the Elk's Building project (address corrected in the record to 430 North Street) and voted to approve up to $200,000 in supplemental assistance under resolution 2026-324, split across industrial park, downtown, consolidated TIF funds and discretionary funds. Staff said the owner, Joe De Casola, has invested roughly $800,000 to date and that the additional appropriation would be disbursed only after work is complete.
Votes at a glance: - Resolution 2026-320: Eastgate property fund — approved (allocations: $125,000 industrial park TIF; $125,000 consolidated TIF; $50,000 downtown TIF). - Resolution 2026-321: Lewis Cass High School culinary pathway funding — approved (request falls under industrial park category; category cap discussed). - Resolution 2026-322: Sidewalk program for Security Federal Savings Bank (up to $5,000) — approved. - Resolution 2026-323: Financing for demolition at 41 East Market — approved (demolition contract recommendation accepted). - Resolution 2026-324: Address correction and up to $200,000 supplemental funding for 430 North Street (Elk's Building) — approved.
Why it matters: The package of approvals moves several downtown properties closer to redevelopment by covering demolition and critical gap funding and by using TIF structures to support private investment; staff repeatedly noted the goal is to convert vacant or underutilized buildings into taxable, revenue-generating property.
What happens next: Staff will issue required RFPs, complete asbestos surveys where necessary, and release funds only after required work and documentation are complete. The board scheduled its next meeting for June 18 at 11 a.m.
The article draws only on statements made in the meeting record and on formal motions and votes recorded by the commission.
