Bloomington’s planned new Hopewell neighborhood is supposed to replace the former IU Health hospital at 2nd and Rogers streets and extend to the surrounding area.
Based on Monday’s update to Bloomington’s redevelopment commission (RDC) from city controller Jessica McClellan, the project has already expended about $17.8 million of the roughly $28 million in TIF (tax increment finance) revenue that the RDC has committed to the project.
At Monday’s meeting, the RDC approved several Hopewell-related agenda items that add about $318,000 to the total expenditures for the project—for demolition, preliminary infrastructure design work, relocation of power lines, and for street lighting. Continue reading “Hopewell update: Bloomington OKs $318K more for demolition, prelim infra design, lighting”