Flats at Old Farm development agreement
Summary
A major mixed development near University Parkway is moving forward, backed by about $5 million in state READI 2.0 funding. The developer pays the county's legal and consulting costs, and the county's only pledged revenue is TIF money the project generates — so if it fails, taxpayers aren't on the hook.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Aug 4, 2026.
Impact analysis
About $5 million in state READI 2.0 funding; developer covers legal and consulting costs, with funds expected to return to the commission via a TIF bond.
Residents gain a major new development with infrastructure, roads, and housing near University Parkway.
Mentions & discussions (3)
Evansville Redevelopment Commission - Aug 4, 2026
The commission was scheduled to consider an economic development agreement with AP Development LLC and Legacy Communities, Inc. for the Fieldhouse Flats project. Such agreements typically pair public support with private development, so the deal's incentives and obligations matter to taxpayers and future residents alike.
Vanderburgh County Redevelopment Commission - May 13, 2026
A major mixed development near University Parkway is moving forward, backed by about $5 million in state READI 2.0 funding. The developer pays the county's legal and consulting costs, and the county's only pledged revenue is TIF money the project generates — so if it fails, taxpayers aren't on the hook.
Board of County Commissioners & Drainage Board - May 12, 2026
A 163-home subdivision with 14 commercial lots and a future apartment complex got its drainage plan approved, with a variance allowing a detention basin without a full perimeter maintenance path due to topography.
Related development
Flats at Old Farm Development
A large development near University Parkway with roads, sewers, water, and an apartment complex planned; the county bears no debt risk if the project fails.
Fieldhouse Flats
Downtown gains roughly 78 market-rate apartments and a preserved historic gymnasium, with construction expected to start in Q2 2027.
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