town-of-troy-agenda-2025-04-25_cce.pdf
$8.3M Redevelopment Project Approved for RDC Troy Holdings
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Description
RDC Troy Holdings, LLC is undertaking an $8.3M capital investment project involving the redevelopment of 39-45 Congress Street into 71 rental apartment units. The Troy Industrial Development Authority is providing financial assistance, including sales and use tax exemptions, mortgage recording tax exemptions, and a partial real property tax abatement via a PILOT agreement.
Contract Details
Contract Amount
$8.3M
Vendor
RDC TROY HOLDINGS
Agency
Town of Troy, IN
Contract Type
Construction & Redevelopment
Document Date
April 25, 2025
Contract Term
NA
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