NEW PALESTINE — Developers of a proposed residential complex for senior citizens want to meet with town officials to discuss tax abatement for their project.
The discussion will be unusual for a couple of reasons. For one thing, the town council has never granted an abatement, and this will be the first time it’s ever discussed one. Second, it’s believed to be one of the rare times in Hancock County that tax breaks have been sought for a residential development – albeit one that intends to create a number of full-time, good-paying jobs.
Indianapolis-based Justus Companies announced plans for the project in July 2013. The 171-unit complex would include apartments for independent living and assisted living. It would include a memory-care section for seniors suffering from Alzheimer’s disease and related ailments, according to plans announced last year.
The complex would be built along the south side of U.S. 52 between CRs 600W and 550W.
Along with Springhurst Health Campus in Greenfield, the proposed complex would be the largest residential development for senior citizens in the county.
Town officials were hopeful construction could start as early as this spring. But it has been delayed while company officials work out details of possible tax abatement.
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