Tax Increment Financing
CROWN POINT | The state is beginning to limit a tax strategy Northwest Indiana municipal officials love as a lure to catch new businesses.
VALPARAISO | Help for both the Thormahlen and the Pratt Industries projects got City Council approval Monday.
MERRILLVILLE | Projects to enhance traffic on two well-traveled roads in Merrillville are expected to get under way next year.
VALPARAISO | The city's Redevelopment Commission began the process of issuing up to $15 million in bonds for a series of projects, including possible incentives for a major business prospect the city hopes to land.
PORTAGE | There's little doubt that the city's police station could use an overhaul or that a new fire station along Central Avenue would be useful.
MERRILLVILLE | Infrastructure projects are among the regular issues handled by the Merrillville Redevelopment Commission, but the panel is breaking ground in another direction.
VALPARAISO | The City Council approved borrowing up to $15 million for the Redevelopment Commission to meet its upcoming obligations and have a cushion to lure a couple of prospects to the city in the near future.
PORTAGE | The Redevelopment Commission this week authorized initiating what could be a $10 million tax increment financing bond.
CROWN POINT | The Redevelopment Commission has endorsed plans for extending Delaware Parkway north of 109th Avenue to 107th Avenue.
WINFIELD | Winfield is still a small town but it is a busy one, which creates problems for pedestrians in its downtown.
ST. JOHN | In efforts to improve the town's chances of attracting new businesses, the Redevelopment Commission has approved revamping tax increment financing districts.
PORTAGE | The Portage Redevelopment Commission this week approved a grant, giving the Portage Township Schools $100,000.
CROWN POINT | Officials on Monday approved a new economic development area with three new allocation areas where tax increment financing can be collected.
LOWELL | An error at the county level could have undercut Lowell's assessed valuation by $40 million if it had gone undetected.
PORTAGE | After more than a year of negotiations, Portage's Redevelopment Commission has finally agreed to provide $100,000 to the Portage Township Schools.
PORTAGE | On a consistent 3-2 vote, the city's Redevelopment Commission on Wednesday approved how its should be spending its money.
VALPARAISO | The recent annexation of the property for the expansion of Pratt Industries and the expected annexation of the business park portion of the Lakes of Valparaiso development will be added to the city's tax increment financing districts.
MUNSTER | The Munster Redevelopment Commission recently gave its blessing to the use of $500,000 in TIF revenue for projects at Community Park.
PORTAGE | For the last several years, the city has approached the Redevelopment Commission for financial assistance. The commission has usually complied.
PORTAGE | Portage Township School Board members and administrators are feeling more positive the district may get a share of the city's tax increment financing district funds.
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