Tax Increment Financing
Bill Dolan’s April 28 article (“Lake County municipal officials turn to lenders for urban amenities”), is a classic example of “you can make numbers say whatever you want them to.”
PORTAGE | The Redevelopment Commission on Wednesday initiated the bonding process for the construction of a new street department facility.
LAPORTE | A financing mechanism is now in place to pay for developing 137 acres of farmland viewed as having the potential to create up to 1,000 new jobs in LaPorte.
WINFIELD | The Redevelopment Commission on Monday gave a green light to the town’s new tax increment financing district.
VALPARAISO | The city's Redevelopment Commission put a hold on funding for any new pathways or facade grants, will spend only about $15,000 to assist expansion of Central Park Plaza and won't fund planned streetscape work on North Calumet Avenue.
PORTAGE | Portage Township Schools will try again to carve itself out of the city's tax increment financing district.
VALPARAISO | Residents of Pine Creek Subdivision appear to be caught in the undertow of the changing tide in the housing market that has shifted from an emphasis on single family homes to high-end apartments.
HEBRON | It's more than two months until Christmas, but Hebron Fire Chief Chad Franzman has his wish list ready and the town's Redevelopment Commission is hoping to play Santa Claus.
PORTAGE | Portage Township Schools officials are looking to spend less in 2013.
PORTAGE | City and Portage Township Schools officials will sit down to work out how the school district can regain some of the tax money lost in tax increment financing districts.
PORTAGE | The Redevelopment Commission unanimously approved the expansion of the city's Southport Allocation District, commonly referred to as the city's tax increment financing district.
VALPARAISO | The revival of the former Best Western on U.S. 30 is ready to begin with a little help from the city's Redevelopment Commission.
VALPARAISO | Negotiations are under way with Beam, Longest and Neff on developing a plan for improving the U.S. 30 corridor through Valparaiso.
VALPARAISO | The city's tax increment financing district won't officially include the U.S. 30 corridor until Aug. 8, but the first customer hoping to take advantage of it already is waiting.
VALPARAISO | Plans to pay for improvements on University Drive and the U.S. 30 corridor got a boost Tuesday from the city Plan Commission.
MUNSTER | An Evanston, Ill.-based company plans to build a solar panel manufacturing facility that will employ about 90 area residents within the next year, town officials said.
PORTAGE | The Portage City Council last week approved a 10-year abatement for a speculative building at AmeriPlex at the Port.
PORTAGE | The city is looking to expand its tax increment financing district, not so much as a tax revenue source, but to target areas for redevelopment.
VALPARAISO | The city is expanding its tax increment financing district to facilitate improvements to the U.S. 30 corridor and the remaining sections of Ind. 130 within the city.
The huge warehouse complex along Calumet Avenue in Munster was the state-of-the-art nerve center for Simmons Mattress Co. Soon a $60 million renovation will turn it into 1 million square feet of office space and manufacturing space.
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