A committee of the Indianapolis-Marion County City-County Council last week postponed until Feb. 2 a vote on whether to allow the city to issue $98 million of tax-increment financing bonds.

The delay gives the Economic Development Committee time to digest changes made to the initial financing proposal. The changes would not allow the city to pay more than 6.5%, down from the original 8.5% cap, and give the City-County Council authority to review Indianapolis’ role in the project after it gets started, according to local news reports.

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