RDA a Smart Investment, State Lawmakers Told

The Post-Tribune takes a look at the RDA’s plans for the future.

The Northwest Indiana Regional Development Authority has big plans for the region but will need to secure funding of up to $10 million annually to plant the seeds for those plans.

During a state Budget Committee hearing, RDA President Bill Hanna tried to illustrate the value developed from the authority since it was formed by the Indiana General Assembly in 2005. With an annual budget of $27.5 million, it received $10 million a year for 10 years from the state, drawing revenue from a 2006 lease of the Indiana Toll Road. The rest of its budget comes from local contributions.

Read the rest here.

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