The City of Vincennes and the developer of Bierhaus Flats Subdivision are at a stand-still in negotiations. The holdup comes over responsiblity for a loan issured by t he Indiana Finance Authority.
At yesterday’s Vincennes Redevelopment Commission meeting, R-D-C member Greg Parsley addressed the sticking point concerns about proposed plans to have the City share some of the risk in the development. Parsley says now the next move is up the subdivision’s developer.
Once completed, the subdivision would consist of over 200 multi-family units. It would be located near the corner of Hart Street and Bierhaus Boulevard. It is being considered as a key to improve housing in Vincennes.
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