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No. 0938 confirming a resolution designating and declaring the AEDA, approving an economic development plan and establishing an allocation area for purposes of TIF
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No. 0938 confirming a resolution designating and declaring the AEDA, approving an economic development plan and establishing an allocation area for purposes of TIF
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10/18/2012 3:09:40 PM
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1/16/2012 11:37:28 AM
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i <br />Improve roadway access and circulation in the northwest <br />portion of the City, surrounding the Michiana Regional <br />Airport. <br />Stimulate increased use and growth of the Michiana <br />Regional Airport. <br />- Increase user traffic for the Indiana Toll road, <br />specifically Exit 72. <br />Increase use of the South Shore Railroad (when relocated <br />to the Michiana Regional Airport). <br />7. It may be necessary to relocate an electric power transmission <br />line which crosses the Area. <br />8. It is expected that the development of this Area will create <br />approximately 4,712 new jobs, generate about $422,036,000 in <br />new private investment and increase the City's assessed value <br />by $84,358,000. <br />KCP:ml /airptfof <br />
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