GAS CITY — The Gas City Economic Redevelopment Commission approved a resolution that would expand the economic revitalization area, a Tax Increment Financing (TIF) district, located near I-69.

Phyllis Olynger requested 64 acres be annexed as part of the area.

Though Olynger passed away Sept. 9, city officials thanked her for her contributions.

According to 2017 data from Indiana Gateway, Olynger had two other areas that were a part of the TIF district.

“The community lost a jewel,” Mayor Larry Leach said.

Gas City Clerk-Treasurer Teri Miller previously said the TIF district currently generates approximately $3 million annually.

Miller said the city will seek a six- or seven-year bond to fund the $10 million civic center, using TIF revenue to pay off the bond.

Leach said the bond will be structured that way because the TIF district is set to expire in 2027.

The 64-acre expansion will not be apart of that but will have its own expiration date instead.

While the expansion won’t expire at the same time as the rest of the TIF district, it will help finance the proposed auditorium and other projects throughout the city as well.

Officials plan to situate the civic center east of McDonald’s and across from Arby’s on the south side of Main Street.

The project will create a partnership between the city and Mississinewa Community Schools (MCS).

After construction is complete, MCS will take over the space.

While city and MCS lawyers are still working to draw up a lease agreement, the next steps include finalizing architectural designs and installing a road off of Main Street to provide access to the venue.
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