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January 30, 2013

Redevelopment Commission meets to hear upcoming plans for Jeffersonville



“Quite a few locations along 10th Street would be affected by that,” he said.

Moore said the city will receive about $2.5 million in funding for the project.

“That was for construction and we will be given that money, I think, in June 2015,” he said.

Several commission members had discussed pursuing a full 80-20 percent split for funding, with 80 percent of funds coming from state or federal transportation dollars, while a 20-percent match would be paid by Jeffersonville.

But Moore said if the city waited for the 80-20 match on the project, it would push the plan back 10 years, which would affect other projects on the list.

“My idea was, TIF [Tax Increment Finance] dollars are there for a reason — infrastructure improvements,” he said. “Tenth street is vital to the success of Jeffersonville. We have the dollars to make this project happen.”

Redevelopment Commissioner James Lake said he would like to exhaust the possibility of securing additional funding for the project through the Kentuckiana Regional Planning and Development Agency before using TIF money.

But Moore said KIPDA was the agency that gave him the information of the project’s delay if the city waited for the funding match.

KIPDA Director of Transportation Larry Chaney said the local planning agency does have several phases of the project in the current Transportation Improvement Plan, including $2 million in 2014 for right-of-way purchases, and funding for construction of about $2.3 million. However, he confirmed that if the city were to wait for the full funding match for the project, the plan would be delayed.

He said funding wouldn’t be available in 2017 and it would be another four to five years for the project to receive additional dollars.

Despite the questions about how to fund the widening project, there was consensus that the plan is a pressing need for Jeffersonville.

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