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June 12, 2013

Traffic signal, gateway open the door to TIF development in Sellersburg



As a sign of API’s ability to attract business, Bill Walker, with Big O Tires, attended the meeting and offered his plan to locate at the site once development moves forward. And according to API’s proposal, estimated retail growth will create a property-tax base of $81,000 per year for the town and add up to 150 full- and part-time jobs to Sellersburg.

“This is the gateway we hoped for,” said Town Council President Paul Rhodes said. “Since I’ve been involved in the redevelopment commission, almost from the get-go, one of our faults was we never had a developer working with us.”

The town council unanimously approved the resolution to seek the bond, with the first portion totaling $524,956 for road construction costs and the land purchase. The bond is expected to close July 22.

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