(Photo Courtesy of the Northwest Indiana RDA)
The Northwest Indiana Regional Development Authority's Board of Directors today approved a 17 million dollar matching grant to fund the first phase of East Chicago's Waterfront Revitalization Initiative. The initiative includes improvements at Jeorse Park Beach and the East Chicago Marina, street and overpass work and the demolition of vacant properties.
The Directors also approved a 200-thousand dollar Challenge Grant for Kouts, which combined with 445-thousand in local funding, will be used to extend infrastructure to 63 acres of land at State Roads 49 and 680 South. The location links the Dunes Kankakee Trail with the national American Discovery Trail. The Board also approved a two-point-four million dollar grant from it Deal-Closing Fund to support Tec Air's move to Munster. The company is investing approximately 15-million dollars and will employ about 258 people at its new headquarters.