LAFAYETTE, Ind. (WLFI) - Plans to develop the former Home Hospital site in Lafayette are moving forward after $800,000 in funding is approved.
The Lafayette Redevelopment Commission approved the use of tax increment financing (TIF) and grant money over 4 years.
Mainstreet Property Group will develop the site into a hotel-style assisted living and rehab facility.
The money will be used for a multi-purpose trail on the west side of the property.
Economic Development Director Dennis Carson says it's been a long time coming and it's exciting to see things moving forward.
"After three years of working with them, they worked with us very closely," Carson said.
"They made a lot of changes to their facility at our request, so we think we have a great product to go there and be an enhancement to the neighborhood and the community overall."
The Redevelopment Commission also approved marketing of the Queen Anne site for sale. The downtown site is valued at $596,000.
The city is marketing the site for residential use.
A Lafayette man charged with multiple bank robberies in Tippecanoe and Clinton Counties pleads guilty to a series of bank robberies in Illinois.
The drop in temperatures brings the potential for health dangers, such as hypothermia and frost bite. The bitter temperatures can pose a threat for children, adults and pets.
As it stands Wednesday, there will be no FEMA aid for tornado survivors in Howard County.