News From Terre Haute, Indiana

Breaking News

News

September 19, 2013

New Margaret extension plan ordered

Redevelopment Commission eyes boost to commerce on east side of Indiana 46

TERRE HAUTE — The people who helped bring you the eastside Walmart shopping area are turning their gaze farther east, looking for new economic development opportunities.

On Wednesday, the Terre Haute Redevelopment Commission, a five-person body appointed by the mayor and the City Council, approved a resolution instructing HNTB, an engineering firm, to begin drawing plans for expanding New Margaret Avenue to the east, across Indiana 46/U.S. 40. The roadway currently exists only west of the highway.

This “engineering design agreement,” is a first step in a broader vision to promote economic growth on the east side of Indiana 46/U.S. 40, said Cliff Lambert, executive director of the city’s Department of Redevelopment.

The Terre Haute International Airport Authority is already working with the Redevelopment Commission to promote growth, he said.

In January, the Redevelopment Commission approved an agreement with the airport authority to extend a sewer line under Indiana 46/U.S. 40 to allow for future commercial development on the east side of the highway, where the airport authority operates a special economic development area that operates much like one of the city’s tax increment finance (TIF) districts.

Under that agreement, the Redevelopment Department will pay for the new sewer lines, but it will be reimbursed for that cost from property taxes collected on new development within the airport’s economic development zone, Lambert said.

Lambert said he hopes New Margaret Avenue, which connects the Walmart shopping area with Indiana 46/U.S. 40, will eventually link with Hunt Road, an L-shaped roadway just west of the airport that runs north to U.S. 40 at Lost Creek School.

The Terre Haute Redevelopment Commission oversees the city’s TIF districts. Its members meet in City Hall on the third Wednesday of each month.

HNTB is the engineering firm that has conducted most of the planning work for the new eastside TIF district, which includes the eastside Walmart.

Reporter Arthur Foulkes can be reached at 812-231-4232 or arthur.foulkes@trib star.com.

1
Text Only | Photo Reprints
News
Latest News
TribStar.com Poll
AP Video
Courts Conflicted Over Healthcare Law Raw: Lawmakers Scuffle in Ukraine's Parliament Raw: Israel Hits Gaza Targets, Destroys Mosques Raw: MH17 Passenger Remains in Kharkiv, Ukraine Raw: Israel Bombs Multiple Targets in Gaza Michigan Plant's Goal: Flower and Die New Orleans Plans to Recycle Cigarette Butts Cat Fans Lap Up Feline Film Festival Obama Offers Condolences at Dutch Embassy Raw: Cargo Craft Undocks From Space Station The Rock Finds His Inner 'Hercules' Raw: Truck, Train Crash Leads to Fireball Foxx Cites Washington 'Circus Mirror' ShowBiz Minute: Hoffman, Oberst, Box Office US Airlines Cancel Israel Flights WWII Vet Gets Medals, 70 Years Late Diplomatic Push Intensifies to End War in Gaza UN Security Council Calls for MH 17 Crash Probe Veteran Creates Job During High Unemployment Widow: Jury Sent Big Tobacco a $23B Message
NDN Video
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 Sebastian The Ibis Walks Beautiful Bride Down The Aisle | ACC Must See Moment NASA Ceremony Honors Moon Walker Neil Armstrong Faces of Souls Lost in Malaysian Plane Crash 105-year-old woman throws first pitch Man Creates Spreadsheet of Wife's Reasons for Turning Down Sex 'Weird Al' Is Wowed by Album's Success
Parade
Magazine

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

activity
Real Estate News