The former Wagon Works site rental in Huntingburg has gotten more than $300,000 in tax abatement money for workforce housing. The Huntingburgh Common Council declared the site as an economic revitalization area Tuesday.
This helps clear the way for Indianapolis-based Paragus group to build a nearly $6 million, 56 unit housing development on that site.
The tax abatement will be about $20,000 each year over the next 10 years. Paragus’ next move is to get some of the rental housing tax money that’s set aside stellar-designated communities like Huntingburgh.
The company will find out in February if its request for that money gets approved.