The Vincennes Redevelopment Commission is proposing extending one of their Tax Increment Finance of TIF zones.

TIF zones are established to capture future increased tax dollars that are generated due to development within the zone and are governed and administered by redevelopment commissions.

On Thursday, the commission discussed expanding the current Hart Street zone which is scheduled to expire in 2026 to include the Bierhaus Flats area where there are plans to create a 240 unit housing project.

The new expanded zone would not expire for 25 years.

The Vincennes City Council will need to give final approval for the expansion and they are set to review the proposal on April 10th.