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Commissioners Approve CIE TIF Proposal

The Grant County Commissioners yesterday approved a request from Central Indiana Ethanol to allow land outside the city of Marion be included in a Tax Increment Financing District.  The move is part of a planned 25-million dollar expansion at C-I-E.

Commissioners President Mike Burton said the request made good economic sense for everyone.

The move will allow the Marion Redevelopment Commission and the Marion City Council to expand the TIF District for C-I-E.  That will allow the company to use TIF money to finance a bond issue of 3.6-million dollars to help pay for the expansion plans.


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