Portage council approves bond package and designates development areas to fund public-safety needs The Portage City Common Council voted to adopt five economic development revenue bond ordinances and to designate Economic Development Target Areas for the projects, a package council leaders said will generate tax-increment funds for police and fire services while leaving default risk with developers.

Portage Mayor Bonta and the Common Council just approved a game-changing bond package aimed at boosting public safety funding through innovative economic development projects!

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Planning commission finds two Simon CRE TIF allocation changes conforming; council will review The commission found two Redevelopment Commission declaratory resolutions conforming under Indiana Code so they can prune parcels and form separate allocation areas for Simon CRE retail projects estimated at roughly $91 million and $21 million in private investment. The items will be sent to the city council for legislative action.

Major retail developments are on the horizon for Southport, with proposed projects bringing in nearly $112 million in private investment!

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