Page 51 - Valparaiso, IN U.S. 30 Corridor Plan
P. 51
Adopted July 25, 2011
As of this writing, two sites within the area
have been eyed by investors for possible new
development. Getting the area designated
as a TIF district prior to construction would
allow the district to collect a significant
amount of “unearned increment” that
could be used to fund improvements in
the surrounding area. Capturing this new
revenue within the TIF at the outset would
create a dedicated (captive) revenue source
even in the absence of new public debt.
Map 3.3, Proposed New TIF District
A new TIF district would create the necessary
public finance structure to help assemble
land and pay for the many required public
improvements in the “triangle” area.
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