Monday, October 15, 2012

Lowell Adopts Downtown Redevelopment Area

From the Northwest Indiana Times:


The Town Council is positioning itself to create a designated downtown revitalization area aimed at filling vacant buildings through tax incentives.
The council unanimously followed the Sept. 27 recommendation from the Lowell Redevelopment Commission for the area's footprint.
As recommended, the revitalization area will encompass the entire downtown on Commercial Avenue from the Fremont Street intersection west.
It also will move south of the downtown along Oakley Avenue to capture the former Rieter Automotive property and Tri-Creek School Corp. property where the old Lowell Middle School once stood.
At the downtown's west end "Y," the designated area will pick up land lying between Washington Street and Commercial Avenue.
...
Redevelopment Commission President Doug Niksch said providing reduced taxes as an incentive could breathe new life into the town's historic downtown district.