Business
Batesville's TIF district advances
BATESVILLE — The Batesville Redevelopment Commission modified and confirmed a resolution that will lead to a Tax Increment Financing (TIF) district April 27. BRC voted to expand the economic development area from 18 to 57 acres. The land is located between I-74 and State Road 46 from the eastern edge of Hillcrest Estates to the road leading to St. Mark’s Lutheran Church Cemetery. It also includes a portion of the interstate, McDonald’s and an adjacent lot plus the west side of State Road 229 from the Frontage Road past Alpine Drive to land north of FCN Bank and Guys and Gals Quarters. No one was present at the public hearing to speak out for or against the proposed district. Herschel Frierson, Crowe Horwath, Indianapolis, already had sent tax impact statements to the affected taxing units – schools, library, counties and townships. “There was not a major impact,” he reported. “Usually the biggest impact we always see is with the schools’ Capital Projects Fund.” The city council will consider the confirmatory resolution May 10, Mayor Rick Fledderman said.
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