CHICAGO — Whiting, Ind., is selling $18.3 million of tax increment revenue bonds Thursday to finance a development on the city’s Lake Michigan lakefront.

The bonds are payable from a property tax increment generated in the lakefront’s TIF district in northwest Indiana. The TIF’s largest taxpayer is BP, which runs an alternative energy facility and owns other real estate in the district connected to the BP Whiting Refinery.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.