Batesville Herald Tribune, Batesville, Indiana

Local News

November 16, 2012

Efforts to boost FC economy eyed

BATESVILLE — About 30 Franklin County government officials and citizens were intent Nov. 7 on learning about how a county redevelopment commission could boost the area economy.

Franklin County Economic Development Commission member Bill Schirmer confessed, “I’m a rookie to this, on the job a few months” after director Franklin Thompson and President Michael Hiles resigned. Schirmer, the Brookville/Franklin County Chamber of Commerce president, wanted to explore the ability to help finance some economic growth projects without involving taxpayers. Creating a Tax Increment Financing (TIF) is one way, but a redevelopment commission must be formed to oversee it.

After examining how the Greendale redevelopment commission was set up, “there are tons of questions to be asked and answered.” He invited Ice Miller, Indianapolis, partner Lisa Lee, who has set up a number of redevelopment commissions across Indiana, to enlighten all three commissioners and four of seven council members.

Lee explained the concept and tried to clear up misconceptions. “You draw an area that has a certain number of parcels in it,” which are assessed on March 1 annually. “That becomes the base assessed value for that TIF area. Overlapping taxing units are counting on that (money) for their budgets. That base value will continue to flow to those taxing units.” Each March 1 after the TIF area is defined, taxes from any new assessed value above the base value are captured and deposited into an allocation fund for a maximum of 25 years. Those dollars can be used for capital projects within or benefitting the area.

“The goal is to have a project sustain itself. You have a company come looking for a site, officials want incentives, maybe it needs infrastructure, such as a rail spur. You want to use the new taxes they’re generating to build projects they need” to get them to come here.

Text Only
Local News
  • nws - bv072514 - BCSC lowery leaves Lowery leaves school board Batesville resident Chris Lowery’s appointment as Ivy Tech Community College Columbus/Southeast chancellor caused him to resign from the Batesville Community School Corp. board July 21.He has been a District 3 trustee for a dozen years, serving as bo

    July 25, 2014 1 Photo

  • National Night Out set for Aug. 4 Area residents can enjoy a grill-out and pool party by attending the local National Night Out Monday, Aug. 4, from 5:30-8 p.m. at the Batesville Memorial Pool. Sponsored by the Coalition for a Drug-Free Batesville and the Fraternal Order of Police, t

    July 25, 2014

  • Batesville Summer Bash starts Aug. 1 The third annual Batesville Summer Bash begins at 8 a.m. Friday, Aug. 1, and runs until 10 p.m. Saturday, Aug. 2, in downtown Batesville. The event features sidewalk sales, including home-based business booths; the Saturday morning farmers’ market an

    July 25, 2014

  • Shell building site determined The Batesville Economic Development Commission pinpointed where to construct a shell building within the city’s vacant industrial park July 18.Consultant Greg Martz of GM Development, New Castle, recommended a 7-acre site just east of Merkel Road and

    July 25, 2014

  • Babe Ruth Tournament benefits the whole community Local leaders pointed out the benefits resulting from hosting the 10 and under Central Indiana Babe Ruth Tournament at The Plex here July 10-13. Seven teams participated in the tourney, bringing more than 120 young players to Batesville, plus familie

    July 25, 2014

  • Brother charged in shooting

    July 23, 2014

  • Apartments tax abatement approved After gaining a recommendation from the Batesville Economic Development Commission, developer Bruce Rippe was at the Batesville City Council meeting July 14 to request a 10-year real property tax abatement for Depot Square, which will be 45 one- and

    July 22, 2014

  • Readers' input will guide newspaper staff “What newspapers do you read? What Web sites do you visit? Where do you shop? How do you use our newspaper and our Web site?” wonders Laura Welborn, publisher of The Herald-Tribune, Batesville; Daily News, Greensburg; and Rushville Republican.Answers

    July 22, 2014

  • nws - bv072214 - BPRB Batesville Parks and Recreation Board brainstorms new funding Batesville Parks and Recreation Board members brainstormed different ways to offset budget cuts and increasing demands across several projects at the July 16 meeting.Funding first came up in the meeting as Eric Frey, Administrative Resources associat

    July 22, 2014 1 Photo

  • nws - bv072214 - RCCF impact grant $25,000 community impact grant awarded From a pool off 11 applicants, the Ripley County Safe Schools Commission Safe School Readiness project was chosen to receive the $25,000 Ripley County Community Foundation Community Impact Grant. It will provide each public school district in Ripley

    July 22, 2014 1 Photo

Featured Ads
AP Video
Arizona Prison Chief: Execution Wasn't Botched Calif. Police Investigate Peacock Shooting Death Raw: Protesters, Soldiers Clash in West Bank Police: Doctor Who Shot Gunman 'Saved Lives' 'Modern Family' Star on Gay Athletes Coming Out MN Twins Debut Beer Vending Machine DA: Pa. Doctor Fired Back at Hospital Gunman Raw: Iowa Police Dash Cam Shows Wild Chase Obama Seeks Limits on US Company Mergers Abroad Large Family to Share NJ Lottery Winnings U.S. Flights to Israel Resume After Ban Lifted Official: Air Algerie Flight 'probably Crashed' TSA Administrator on Politics and Flight Bans Raw: National Guard Helps Battle WA Wildfires Raw: Ukraine's Donetsk Residents Flee Senators Push to End Hamas Threat in Cease-Fire A Young Victim's Premonition, Hug Before MH17 Raw: Deadly Storm Hits Virginia Campground Death Penalty Expert: 'This is a Turning Point' Raw: MH17 Victim's Bodies Arrive in Netherlands
Photo Gallery


Seasonal Content
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Facebook