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
Porter County GIS Map
COMMISSION MEMBERS
Redevelopment Commission meets the 4th Thursday of Every Month at 4:00pm. Meetings are held at Woodland Park.
Sue Lynch - Mayor
Ralph Mundt - Mayor
Greg Lach- Mayor
Collin Czilli - Council
Allen Ekdahl - Council
Shaunna Finley - School Board
Dan I Whitten Legal Counsel
Staff and Advisors
Lynn Reed - Secretary-Treasurer
Dan I. Whitten - Attorney
- News
- Meetings
- Agendas/
Minutes - Useful
Links
Upcoming Meetings
- Redevelopment Commission
Thursday, March 25 4:00 p.m. Woodland Park - Redevelopment Commission
Thursday, April 22 4:00 p.m. Woodland Park - Redevelopment Commission
Thursday, May 27 4:00 p.m. Woodland Park - Redevelopment Commission
Thursday, June 24 4:00 p.m. Woodland Park
Agendas
Useful Links
- Redevelopment Commission - 2018 Annual Report
- Southport Economic Development Area - Expansion Plan
- Notice of Sale: 5400 Melton Rd.
- Offer to Purchase Form: 5400 Melton Rd
- Exhibit: 5400 Melton Rd Land Sale
- Exhibit: 5500 Melton Rd Land Sale
- Notice of Sale: 5500 Melton Road
- Redevelopment Commission - 2017 Annual Report
Contact Us
- Business: (219) 841-6428
- Staff Directory
- Office Hours:
M-F 8:30 AM to 4:30 PM