PORTAGE | After more than a year of negotiations, Portage's Redevelopment Commission has finally agreed to provide $100,000 to the Portage Township Schools.
VALPARAISO | Smiles broke out on the faces of a few County Council members Tuesday when a local attorney specializing in real estate and land use voiced his opinion that tax increment finance districts do not mix well with tax abatements.
VALPARAISO | Porter County Councilman Dan Whitten, D-at large, said he believes the proposal to establish a tax increment finance district in the area of the new hospital is unfair to taxpayers and could lead to the need for a new local income tax.
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.
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.
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 | Porter County Council President Dan Whitten, D-at large, said implementing a tax increment financing district at the site of the new hospital would amount to a "backdoor tax" for homeowners.
There are 9 acres left to develop out of city-owned property at West Point Plaza Industrial Park in Hammond.
The benefits of locating inside Valparaiso's tax increment financing district attracted North Coast Distributing when the company was contemplating where to move.
A tax increment financing district in Valparaiso helped expand infrastructure so North Coast Distributing could relocate its operations. It moved from Silhavy Road in the city to a location on the west side of Ind. 49 across from the Porter County Sheriff's Department.
Trevor Moritz, 16, of Hammond, rides his bike Thursday in the skate park at Hammond's Pulaski Park.
Nekili Campos, 5, left, reaches for Marisol Pabon, 11, while playing Thursday at the skate park at Hammond's Pulaski Park. The park was created through tax increment financing funding. A TIF is a public financing method used for subsidizing redevelopment.
Melissa Campos reaches out to touch her daughter, Nekili, 5, on Thursday while picking up her other children at Pulaski Park in Hammond.
Trevor Moritz, 16, rides his bike Thursday in the skate park at Hammond's Pulaski Park. The park was created through funds from a tax increment financing district.
CHICAGO | Cook County Clerk David Orr on Tuesday called for a moratorium of new Chicago tax increment financing districts until new leadership is installed and a thorough review of existing TIFs can be conducted.
SPRINGFIELD | The Democratic candidate for state comptroller says he wants to shine more light on an economic development tool he says may be diverting tax dollars from more important programs.
THORNTON | The Village Board unanimously approved a tax increment financing redevelopment agreement last week to bring a restaurant to the village.
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