From the Northwest Indiana Times:
Expanding one of the city's redevelopment areas to cover the Potash Corp. project has gained final approval.
Members of the city's Redevelopment Commission unanimously approved the expansion, which will allow the city to provide $10 million in incentives it promised the company.
Potash is expected to break ground in July on a $70 million rail transfer facility at Gibson Yard. The incentives will pay for infrastructure improvements necessary to build the facility. The Saskatoon, Canada-based company describes itself as the world's largest fertilizer producer.
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Including the Potash site in the redevelopment area allows Hammond to use tax increment financing to fund the incentives.
The Plan Commission and City Council also approved of the plan.
The project will generate 225 temporary construction jobs and 25 to 30 permanent positions for the city.
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Read more: http://www.nwitimes.com/news/local/lake/hammond/hammond-gives-final-approval-to-expand-redevelopment-area-for-potash/article_c9eff4d9-8edc-5eec-8a26-86ce093e1730.html#ixzz1st0IlXxx
