The first proposed tax increment financing district (TIF) in unincorporated Porter County could mean more utility improvements for residents living along the U.S. 6 corridor and possibly more general fund money for the Duneland School Corporation.
But it could also mean a lower number for the county’s total assessed value.
Those are things the Porter County Redevelopment Commission wishes to find out before making a recommendation to the Plan Commission and the County Commissioners for approval of TIF boundaries around Porter Regional Hospital.
On Thursday, Plan Commission Executive Director Robert Thompson showed commission members Dave Burrus, John Shepherd, Jim Polarek and non-voting school advisor Ralph Ayres a map showing the parameters of an allocation area surrounding the hospital at U.S. 6 and Ind. 49 in Liberty Twp.
A committee consisting of Thompson, Shepherd and Burrus was formed at the commission’s December meeting to begin mapping TIF districts.
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