Yesterday the Gas City Redevelopment Commission approved a resolution to request an expansion of its Tax Incremental financing zone by 64 acres.
The request, if approved by the state, would help the city to fund the 1,200 seat auditorium.
The commission also approved some early stage construction in the area to extend a street and begin building street curbs in the area.
In late July, Gas City and the Mississinewa Community School district announced joint plans to build a $10 million auditorium.
The facility would seat 1,200 people and would be run by the school district, while also serving as an arena for professional performances, in addition to student performances.
Both Gas City and the school district believe the development, which will be located on the city’s east side, will attract business development.
The building includes a meeting room to seat 300 people as well as a kitchen.
According to Mayor Larry Leach, the development will not cause a tax increase and will be funded through TIF.
An aggressive completion date of the project is Fall of 2020, according to City Engineer Ken Smith
