October 28, 2020
Committee gives preliminary OK for $12.25M in TIF bonds for two projects
An Indianapolis City-County Council committee has advanced proposals that would grant tax increment revenue bonds to two mixed-use development projects.
The Metropolitan and Economic Development Committee on Monday approved Proposal No. 302 and Proposal No. 303, which now move to the full council for final consideration.
Proposal 302 authorizes the issuance of $8.75 million in tax increment revenue bonds to Union East LLC to help finance an expansion to Union 525’s downtown corporate campus.
