Update on Monroe County TIF Districts

7 Mar

Monroe County TIF Districts

After yesterday’s posts about Monroe County’s Tax Increment Finance (TIF) districts, several readers asked for more details about the three districts. Here are maps and annual reports for each of the three TIF districts.

Westside Economic Development Area

The Westside Economic Development Area is also frequently referred to as the Richland TIF. It has been tremendously successful for Monroe County, and many business have located there, including Cook, Tasus, BioConvergence, Printpack, and GE. Ivy Tech is also located in the Westside TIF.

Map

Annual Report

Bloomington Township State Road 46 TIF District

The Bloomington Township State Road 46 TIF District is also called North Park, or more informally, Criderville.There has been very little development in this TIF to date, and thus very little revenue. However, in this TIF, the developer is backing the bonds, so he is on the hook for any shortfalls in revenue.

Map

Annual Report

Fullerton Pike Economic Development Area

The Fullerton Pike TIF was created to provide the infrastructure for and capture the increment from Monroe Hospital. It is actually the smallest TIF district in the state, at the moment.

Map

Annual Report

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2 Responses to “Update on Monroe County TIF Districts”

Trackbacks/Pingbacks

  1. Trails and Economic Development Area Aesthetics on Redevelopment Commission Agenda Tonight | in53 - MoCoGov - November 19, 2014

    […] and the Fullerton Pike Economic Development Area. I have written may times about these areas; this previous blog post has maps and links to several reports. According to the RFP, the project may include “items […]

  2. Request for Qualifications (RFQ) for Westside Economic Development Area Placemaking and Aesthetics Released | in53 - MoCoGov - January 3, 2015

    […] effort for a long time, and have written about the Westside Economic Development Area here and here, and thank the Monroe County Redevelopment Commission for supporting this […]

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