The Grand Junction is a long-term facelift for the City of Westfield, aiming to revitalize the area and create a unique, memorable, and sustainable heart for the city. Over the next 25 years, Westfield’s vision for the Grand Junction involves redeveloping existing homes and businesses, creating parks, plazas, gardens, and other outdoor areas, and constructing performance venues, recreational areas, and trails. In August, officials broke ground on the first new construction project in the area – an upscale apartment complex.
$8 million has already been committed to construction costs, although the Westfield mayor predicts the project will end up costing upwards of $50 million. Parts of the project are being funded by TIF, or tax increment financing. The idea behind TIF is that a current redevelopment project will result in future increase in tax revenue, which can then be used to pay for the original redevelopment project. For the Grand Junction project, the City of Westfield has agreed to provide the project with financing upfront, which it will (theoretically) later recoup in the future in the form of increased tax revenues. Thus far, no plans for land acquisition for the project have been revealed. However, in a related project, right-of-way acquisition is about to begin to upgrade the Monon Trail, which runs through downtown Westfield.
The Greentown-Reynolds Project is a new 765-kv electric transmission line connecting Duke Energy’s Greentown substation (just east of Kokomo, IN) to NIPSCO’s Reynolds substation located in Reynolds, IN. The new line will be approximately 70 miles in length and will cross five counties in Indiana: Howard, Miami, Cass, Carroll, and White. This project will cost roughly $328 million with construction anticipated to start in early 2016.
Twenty years ago a scheme was hatched to connect Evansville to Bloomington to Indianapolis. The result of this vision was the I-69 corridor. The I-69 corridor will ultimately extend from Mexico to Canada making it one of the primary north south arteries in the entire United States. I-69 is funded by a mixture of federal and state monies. The state contribution came mostly from lease of the Indiana Toll road. Most of these funds have been utilized for the construction of previous sections. Section Five will be financed using a public private partnership (p3). A P3 is a contractual arrangment between the State of Indiana and a private entity that creates financial support for the road project.
Seen by many as the road that will make the South Suburban Airport a reality, if built, the Illiana Expressway will become the third major highway into the Chicago-land area from Northwest Indiana. Both IDOT and INDOT have agreed on the B-3 Corridor for the highway which will have the route begin in Wilmington, IL and ending in Lowell, IN. A route has determined and land acquisition is expected in 2014-2015.
The eminent domain attorneys at Sever Storey are actively investigating inverse condemnation cases involving natural gas storage throughout the State of Indiana. Landowners in certain parts of Indiana have significant natural gas storage rights. In some instances this storage right is currently being used by natural gas storage operators without compensation to the landowner. Federal and state law allows landowners the right to bring an inverse condemnation action against these gas storage operators. If successful the landowner can be reimbursed for all attorney fees, costs and may receive substantial compensation. If you believe that natural gas operators may be using your storage rights without permission and compensation please call 888-318-3761 for a free consultation.
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NIPSCO’s Reynolds Topeka Electric System Improvement Project is a new 100-mile electrical transmission line, which starts in Reynolds, IN and ends in Topeka, IN connecting NIPSCO’s preexisting substations. This $270 million dollar transmission line will cross seven counties in Northern Indiana: White, Pulanski, Starke, Marshall, Kosciusko, Elkhart, and LaGrange. The new line will improve Indiana’s access to wind and solar renewable energy and will potentially lower the cost of energy and reduce greenhouse gases. Construction is anticipated to start later this year (2014) and scheduled to be in service by 2018.
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Before going alone against the State let us give you our opinion. It is our pledge that we will provide a free case review for any individual or business facing eminent domain or condemnation. Contact us now at 888-318-3761