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Plans are coming together for the Region's next round of transit development districts (TDDs). They're kind of similar to TIF districts, but in this case, they capture the incremental growth in income and property tax revenue near train stations, so that money can be spent on improvements in that district.
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The Northwestern Indiana Regional Planning Commission (NIRPC) released a new Transit Oriented Development (TOD) program funding to support economic efforts and to improve the overall character and quality of life, access, and density around transit stations.
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A tool to help communities capitalize on Northwest Indiana's commuter rail projects has taken another step forward. The Northwest Indiana Regional Development Authority on Thursday approved the boundaries for seven transit development districts (TDDs) along the South Shore Line and West Lake Corridor.
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A tool to help communities capitalize on Northwest Indiana's commuter rail projects is moving forward. The Northwest Indiana Regional Development Authority held the first of two public hearings Thursday on seven proposed transit development districts (TDDs) along the South Shore Line and West Lake Corridor.
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Today: Sherri Ziller, the Northwest Indiana Regional Development Authority's chief development officer, is with us to talk about "transit development…