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  • Leveraging Multiple Funding Sources to Spur Brownfield Redevelopment in the “Hub of Awesome”

    Wednesday, December 11, 10:45 am - 11:15 am
    West Hall A – Area C
    Learning Lounges
    Track 2: Financing Options, Real Estate, & Economic Development
    After years of property acquisitions, legal and environmental hurdles, a large vacant former industrial property in downtown district of the City of La Porte, Indiana (pop. 21,732) turned the corner in 2014 towards a viable Brownfield redevelopment. With a setting between two lakes and a reviving downtown; the redevelopment needed to incorporate elements that linked and strengthened the existing community assets. The first phase of new infrastructure at “NewPorte Landing” was planned in coordination with the Indiana Brownfields Program and IDEM, allowing for commercial redevelopment. Ahead of changing Tax Increment Financing Laws in 2015, the City Strategically leveraged TIF and insurance recovery funds speed the delivery of infrastructure that has become the basis for continued redevelopment and grant funded quality of life improvements. An aggressive project schedule, coupled with a desire for lakefront expansion, residential and commercial property uses, wetland mitigation, and a focus on environmental sustainability and reuse, has provided the City with unique challenges for Brownfield remediation and redevelopment.
    Nicholas Minich
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