TERRE HAUTE, Ind. (WTWO/WAWV)— A large crowd at Thursday night’s meeting of the Terre Haute City Council. A lot of people were there to talk about a proposed housing development in Terre Haute.
Brickyard Estates and Paddock at the Park is a proposed $70 million project by Gibson Development. It will include single family homes and multi family units located between Ohio Boulevard and Edgewood Grove. A project spokesman says it will help reverse the outward migration of middle and upper income households, and it responds to a growing need expressed by employers for housing.
The homes are slated to be part of 93 home subdivision of 1600 square feet and with a price between $350,000 to $400,000. There will also be 11, three story apartment complexes.
Many residents voiced concerned about the city helping the project through tax increment financing or tif.
“The tool that is being proposed it’s a residential tif district, a new iteration of that tool which is only been used for a couple of years in Indiana. So, we the council are all learning about it. Same with the public,” City Council Member representing District 4 Todd Nation said.
The proposal was tabled until June 12th. Between now then, discussions will continue.
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