From the Northwest Indiana Times:
$3 million tax abatement request the City Council has tabled several
times may finally see some movement Wednesday.
abatement would be for a medical/office center off 61st Avenue.
was tabled for a third time at the council's Sept. 4 meeting.
But at that
session, City Councilman John Brezik, D-5th, said he had spoken to the
attorney for the medical/office center and was told all financing is in place
for the development.
A few other
details needed to be worked out for the complex off of 61st Avenue, Brezik
Council earlier this spring unanimously decided to designate property at
6188 Marcella Blvd. as an economic revitalization area for the new
step in the process, a public hearing, was held June 19 for the
28,000-square-foot building, which will be called Hobart Square.
council members said they wanted appropriate traffic requirements in place
before they would grant the 10-year tax abatement request.
Some of the
proposed changes the council might add to the new tax abatement agreement
include payment of a 15 percent abatement fee and the purchase by developers of
adjacent land on 62nd Street within two years.