In 2015, the City took advantage of an opportunity in Tax Increment Finance (TIF) district legislation to fund the infrastructure for the project, including sanitary sewer, storm water drains, gas lines, and electric service.
In 2016, the City, along with the developer, presented this project to the Northeast Indiana Redevelopment Authority and was awarded three and a half million dollars of Regional Cities funding. These funds are leveraged by the developer’s investment in housing and mixed-use building space.
The North Buffalo Street project will have a transformative impact on the residential and commercial vibrancy of downtown Warsaw.