News From Terre Haute, Indiana

Local & Bistate

May 16, 2013

Redevelopment Commission hears TIF districts in good shape

TERRE HAUTE — Terre Haute’s special economic development taxing districts, known as TIF districts, are in good financial shape, according to a report given Wednesday to the city’s five-member Redevelopment Commission.

Jason Semler of H. J. Umbaugh & Associations, an Indianapolis consulting and accounting firm, told the commissioners each of the city’s “tax increment finance districts” are generating enough new property taxes to cover outstanding debt.

The districts include the downtown TIF district, the Fort Harrison Industrial Park, the east-side Indiana 46 TIF and a small TIF established for Jadcore, a Terre Haute manufacturer.

The downtown and Indiana 46 TIF districts are the most active, with current or future construction in the works. Often, TIF districts help companies and developers receive loans with the agreement the loans will be at least partially repaid using new property taxes generated by the new projects.

TIF districts are “one of the few really good tools that second class cities have to work on infrastructure projects and the like,” said Cliff Lambert, executive director of the Department of Redevelopment, which manages the city’s TIF districts.

New debt and TIF financing is expected to be used to help Indiana State University and Thompson Thrift, a local development company, build new housing for hundreds of ISU students on Wabash Avenue downtown.

About 75 percent of new property taxes generated by that project will be used to pay down debt, Semler said. The remaining 25 percent is expect to be available for the Redevelopment Commission to use for other projects, he said.

Critics of TIF districts believe they, by keeping new property taxes locked up within a specific geographic area, make taxes higher for other property tax payers. Supporters of TIF districts believe they encourage development that would otherwise not take place.

Other downtown projects assisted by TIF districts include Thompson Thrift’s 925 Wabash office building, the Hilton Garden Inn and Candlewood Suits hotels and the Cherry Street parking garage/bus station facility.

n The Redevelopment commissioners also learned Wednesday that the city has received additional funding from the State of Indiana to construct four new homes on the city’s near-east side. The department has already used state and federal funding to build 35 new homes in the area. The housing, which is done in partnership with not-for-profit groups, is designed for low- or moderate income families, said Phil Kesner, a redevelopment specialist for the Department of Redevelopment.

Reporter Arthur Foulkes can be reached at 812-231-4232 or

Text Only | Photo Reprints
Local & Bistate
Latest News Poll
AP Video
Last Mass Lynching in U.S. Remains Unsolved Raw: Fight Breaks Out in Ukraine Parliament Bodies of Malaysia Jet Victims Leave Ukraine Raw: Truck, Train Crash Leads to Fireball Clinton: "AIDS-Free Generation Within Our Reach" Home-sharing Programs Help Seniors Disabled Veterans Memorial Nearing Completion Judge Ponders Overturning Colo. Gay Marriage Ban Ex-NYC Mayor: US Should Allow Flights to Israel Fighting Rages Amid Mideast Truce Push Obama Signs Workforce Training Law Raw: Plane Lands on New York Highway Raw: Typhoon Brings Heavy Wind, Rain to Taiwan Crash Victims' Remains Reach Ukraine-held City Raw: Secretary of State Kerry in Israel Raw: Massive Explosion in Gaza City NYPD Chief Calls for 'use of Force' Retraining Police Probing Brooklyn Bridge Flag Switch Raw: Israel Hits Gaza Targets, Destroys Mosques US Official: Most Migrant Children to Be Removed
NDN Video
CDC Director Warns Of A World Where Antibiotics No Longer Work Whoa! Watch "Housewives" Star Do the Unthinkable Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot Samsung Pre-Trolls The IPhone 6 With New Ad Jimmy Kimmel Introduces His Baby Girl Swim Daily, Nina Agdal in the Cook Islands Guilty Dog Apologizes to Baby for Stealing Her Toy Prince George Turns 1 and is Already a Trendsetter Train Collides With Semi Truck Carrying Lighter Fluid Kanye West Tells-All on Wedding in "GQ" Interview Tony Dungy Weighs in on Michael Sam Scarlett Johansson Set To Marry In August New Star Wars Episode XII X-Wing Revealed Obama: Putin must push separatists to aid MH17 probe Michigan inmates no longer allowed to wear orange due to 'OITNB' Adam Levine Ties the Knot

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -


    March 12, 2010