Michigan City Common Council Workshop - Garden Estates Redevelopment June 10, 2026

The Michigan City Common Council held a workshop on June 10, 2026, to discuss the proposed redevelopment of Garden Estates West Apartments by Fairstead, a company specializing in affordable housing preservation. Fairstead presented their plan to acquire the property under a purchase and sale agreement with a projected closing in July 2027. They are requesting a 25% property tax pilot over 20 years to support a $15.6 million renovation investment, which exceeds the minimum required for Indiana tax-exempt bond eligibility. The redevelopment includes comprehensive unit upgrades, new community amenities, security enhancements, and accessible units, with a focus on maintaining affordability and minimizing resident displacement through coordinated relocation efforts. The council discussed the financial implications, including an estimated $2 million reduction in property tax revenue over 20 years, balanced against the benefits of improved housing quality and community safety. The project timeline is driven by the Indiana Housing and Community Development Authority bond application deadline, with construction expected to begin shortly after acquisition and last approximately 15 months. Public and council members expressed support for the project, emphasizing the importance of affordable, quality housing and community improvements.