From the Jeffersonville News and Tribune:
Ten projects, over the course of six years, at a total of $38 million.
That was the plan presented by Jeffersonville Mayor Mike Moore at the Jeffersonville City Council meeting Monday night. Moore offered up the plan to use the city’s Tax Increment Finance — or TIF — revenue over the next six years to complete a series of projects throughout the city.
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The list of projects Moore presented included the development of Big Four Station — the landing area for the Big Four Pedestrian bridge — and Chestnut Street reconstruction adjacent to the proposed landing for which the city is seeking matching grant funds. Other projects include the revitalization of 10th Street; reconstruction of Veterans Parkway and Holmans Lane; improvements to Vissing Park; the construction of Allison Brook Park — between Allison Lane and Middle Road; construction of a 23-mile bike-and-hike trail around the city; and The Preserve, a 28-acre parcel that would be retained as a wildlife preserve between Kingsfield and the Meadows subdivisions. Also on the list is a proposed $2.5 million Falls Landing Park project, which Moore offered would be constructed on 4.8 acres near the former site of Frank’s Steak House and would include a lake that would also serve as drainage retention.
Another project proposed has been discussed for nearly 10 years — to repair the downtown marina and protect its docks by installing a sea wall and a fishing pier — is also included.
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No action was requested or taken on the proposal presented Monday.
Moore added that by presenting the series of projects to the council, and its dedicated funding source, the council would be able to use the city’s Economic Development Income Tax — EDIT — to fund its own projects.
“There is a large commitment of dollars here, but it’s dollars that [city Controller Monica Harmon] and I have sat down, and we’re comfortable that we can do each and every one of these projects without having to borrow any money, without having to do any bonding — we can pay for all these projects with cash,” he said.
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http://newsandtribune.com/business/x941534331/Jeffersonville-mayor-pitches-10-projects-totaling-38-million
