A new tax increment finance district proposed for Dierdorff Road could draw from $20 million in new assessed value, the Goshen Redevelopment Commission heard Tuesday (Nov. 16).
The Elkhart Truth reported that the district, tentatively called the Dierdorff Economic Development Area, would include a proposed hotel to the north and proposed assisted living facility to the south. It would be smaller than neighboring TIFs, at roughly one half-mile by one half-mile square, minus the Keystone Point community in the northwest quadrant, centered on Dierdorff Road and bounded by C.R. 36 to the north and Eisenhower Drive to the south.
Community Development Director Mark Brinson introduced the idea at the meeting but there’s no proposal for the RDC to vote on yet. He said increased tax revenue captured in the district could be used for things like pedestrian crossings, while Public Works Director Dustin Sailor said there are long-term plans to extend the sanitary sewer line to the Dierdorff lift station.
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