Muncie approves TIF bond to advance downtown projects

Posted by on Apr 28, 2022 in News | 0 comments

Muncie approves TIF bond to advance downtown projects

MUNCIE, Ind. — The Muncie Redevelopment Commission adopted a $3.5 million tax increment financing bond issue on April 21 to provide financing for several public development projects in the works for the city.

The bond would help fund the public portion needed to advance phase 2 of the Canal District to be called the Lofts development downtown. The bond would also help pay for intersection improvements for Columbus and Walnut streets in front of Muncie Central High School at the site of a planned new Muncie YMCA, two projects that were identified in the core downtown plan prepared by Vandewalle & Associates and advanced through NextMuncie.

Other projects being considered for funding include green space design design and engineering at the Markets on Madison project in south Muncie and development of the Tillpond urban fishing park near Tillotson Avenue and Memorial Drive on the south side.

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