A bill that would allow Elkhart to generate additional funds for its aging industrial centers has garnered preliminary support, according to an Elkhart Truth report.
House Bill 1155, authored by State Rep. Doug Miller, a Republican from Elkhart, would allow the city to create a Community Revitalization Enhancement District, or CRED, to capture state tax revenue for future improvements in three industrial centers. The areas — one southwest of the city along S.R. 19, one downtown and the other east of the city along Middlebury Street — are the backbone of investment for the city.
The bill passed through the House Committee on Local Government and now must pass the House Committee on Ways and Means before it can be voted on by the full Indiana House. Elkhart has never applied for a CRED and Crystal Welsh, the city’s director of development services, said she is optimistic that the bill will pass.
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