(LaPorte, IN) - The resort-type apartments going up in La Porte could double in number. On Monday night, the La Porte City Council approved a letter of support for the request.
The developer, Flaherty and Collins out of Indianapolis, is seeking redevelopment credits from the state to help offset the cost of building another 200 higher-end apartments near Clear Lake at NewPorte Landing.
Bert Cook, Executive Director of the La Porte Economic Advancement Partnership, said acquiring the tax credits awarded for the ongoing project will be a factor in deciding whether to go ahead with the expansion. The developer is considering expanding the project to double the size, so they are applying for redevelopment credits through the Indiana Economic Development Corporation to do things properly.
Cook said the 200 apartments going up now at New Porte Landing are 90-percent completed, and the first units should be available to rent in February. The request from the city results from being a long waiting list of applicants seeking to live at the development called “The Banks.”