Tax Increment Financing
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.
CEDAR LAKE | The town’s new bond rating is something to brag about, officials said.
VALPARAISO | To pay for expansion of Central Park Plaza and the public infrastructure improvements for the Pratt Industries expansion, the city's Redevelopment Commission plans to borrow $13.5 million in 2014.
VALPARAISO | To pave the way for about $312 million in development, Valparaiso's Redevelopment Commission started the process to expand its tax increment financing districts Wednesday.
Keeping streets paved and maintained has been anything but smooth sailing for region municipalities in recent years.
VALPARAISO | With the city expected to add more Washington Township territory to its tax increment financing districts, East Porter County School officials expressed concern over the possible loss of needed property tax revenue.
PORTAGE | The city's Redevelopment Commission will begin discussions next month on if, and how, it can carve out the local school district from any future expansion of the city tax increment financing districts.
VALPARAISO | The expected revenue from Valparaiso's tax increment financing districts is going to be more than last year, but city officials are trying not to be too optimistic about the total.
PORTAGE | Action by both the city's Plan Commission and City Council advanced a $6 million tax increment financing district bond for reconstructing the city's street department facility.
PORTAGE | The Redevelopment Commission this week pushed forward with the construction of a new street department facility.
PORTAGE | Don's Motel on U.S. 20 will soon be nothing more than a memory.
PORTAGE | Citing a loss of tax revenue, Portage Township Schools is formally asking it be carved out of any future city tax increment financing districts.
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