City of Portage, Indiana

Redevelopment Commission

ABOUT TAX INCREMENT FINANCING

Tax Increment Financing (TIF) is a type of financing that permits local governments to finance the redevelopment of blighted areas and the economic development of rapidly developing areas. The Portage Redevelopment Commission relies on TIF revenue to implement projects that create or enhance the economic viability of our city. 

Tax increment is the property tax revenues collected on the increased assessed valuation of property in the area to be redeveloped or developed. Tax increment financing not only permits the acquisition of property for purposes of redevelopment or economic development but also provides another means for communities to finance infrastructure improvements in a blighted area or an economic development area.

TIF's are a popular means of financing local public investment intended to stimulate private sector investment and job creation, principally through infrastructure improvements. Presently, TIF's are used by local governments in 49 states. 

RESOURCES

Redevelopment Commission - 2018  Annual Report 
Allocation Area (TIF) Map
Redevelopment Commission Properties Map
Porter County GIS Map 

COMMISSION MEMBERS

1 year term, 5 members:  3 appointed by Mayor, 2 appointed by Council

John Cannon - Mayor                                  
Greg Lach - Citizen
Jim Thompson - Citizen                              
Steven A. Nelson - Citizen                  
Collin Czilli - Council Person 

Staff and Advisors  
Colin Highlands - Redevelopment Administrator 
Lynn Reed - Secretary-Treasurer
Gregg Sobkowski - Attorney  

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