Karges Lofts Project
Description
A bond ordinance was up for second reading to finance the Karges Lofts project through taxable economic development TIF revenue bonds.
Impact summary
Adds 125 apartments to a neighborhood that needs housing and brings a long-empty factory back to life; rents are expected to sit at workforce levels rather than deep affordable or luxury.
Applicant
- Name
- AP Development LLC / AP Karges Lofts LLC
At a glance
- Hearings
- 3
- Public comments
- 0
- Total mentions
- 3
Last vote · Evansville Economic Development Commission
Last discussed Jun 22, 2026.
Meeting timeline (3)
City Council Meeting - Jun 22, 2026
A bond ordinance was up for second reading to finance the Karges Lofts project through taxable economic development TIF revenue bonds.
Evansville Economic Development Commission - Jun 18, 2026
Adaptive reuse of the former Karges Furniture Factory into 125 multifamily units, financed in part with $6 million in tax increment revenue bonds the commission approved on June 18.
City Council Meeting - Jun 8, 2026
The Karges Lofts project was slated for financing through taxable economic development tax increment revenue bonds, with proceeds loaned to the development entities, plus establishment of a Karges Lofts Economic Development Area.
Related issues (3)
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