Munster redevelopment panel OKs capital project list

2013-05-14T19:05:00Z 2013-05-14T22:48:04Z Munster redevelopment panel OKs capital project listLu Ann Franklin Times Correspondent nwitimes.com
May 14, 2013 7:05 pm  • 

MUNSTER | Capital projects totaling more than $5.9 million received the green light from the town’s Redevelopment Commission.

Commission members, who include all five members of the Munster Town Council, voted Monday to approve the Munster capital projects list that will be funded through tax increment financing dollars this year.

The Redevelopment Commission controls TIF funds that come from a portion of property taxes paid by businesses in the TIF district.

In addition, the project list includes another $1.8 million in specific projects such as land acquisition at the Lake Business Center and Town Projects for the Munster Shops that will be funded through economic development bonds from 2011 and 2012 and a 2007 redevelopment bond.

Among this year's capital projects are:

• Centennial Park — $379,981

• Rest stop, which will include the Fire Department memorial, at Calumet Avenue and Fisher Street — $184,000. The amount includes a Munster Fire Department donation of $9,000.

• Public art, including artwork for Community Park, Westlakes Park and signage and lighting for existing art pieces — $130,000.

• Community Park — $4 million

• Streetscape work to include replacing bricks on the east side of Calumet Avenue and the north side of Ridge Road — $250,000

• Land acquisition to relocate businesses — $866,461

• Street resurfacing, including new amount needed for Hohman Avenue — $300,000

• Munster Shops — $205,000

• Lake Business Center land acquisition — $1.2 million

• Land acquisition for south Calumet Avenue related to grade separation and possibly acquisition of west side of Calumet Avenue from 30th to River Drive or Arnie’s Hot Dog, if necessary — $412,285.

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