From the Clark County News and Tribune:
The Charlestown City Council passed a resolution to expand the city’s commercial tax increment financing distinct.
Following passage of the resolution last week, the TIF district includes the site of the proposed Family Activities Center, a project officials say has a total price tag of more than $4 million. By including the center in the district, the Charlestown Redevelopment Commission now has another funding source for the project, in that it can use TIF funds to pay for it.
The initial TIF district was designated in 2005.
“The TIF district composes of the business areas in the city of Charlestown, which basically includes the Charlestown Industrial Park, the business corridor down State Road 3 and the corridor out [Ind.] 403, where the JayC store and those businesses are out there,” said council member Dan James, the only dissenting vote in the resolution’s 3-1 passage.
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See the full article here:
http://newsandtribune.com/clarkcounty/x1319127432/Charlestown-expands-TIF-district
