Economic Development Commission Meeting 07/27/2026

The City of Westfield, Indiana Economic Development Commission held a meeting on July 27, 2026, focusing primarily on the approval of economic development revenue bonds for two major mixed-use projects: Lantern Commons Gateway and Trace Commons. The commission reviewed detailed presentations on the projects, which include public infrastructure improvements such as utility upgrades, streetscape enhancements, parking, and trails to support residential and retail developments. The Lantern Commons Gateway project involves a developer-purchased bond structure tied to a previously allocated tax increment financing (TIF) area, while the Trace Commons project involves a new $13.3 million bond issuance for infrastructure supporting commercial, retail, and residential buildings. Both bond resolutions (02-2026 and 03-2026) were approved unanimously by the commission after public hearings and no public comments were received. These actions enable the city to proceed with financing and development agreements essential for these economic development initiatives.