INDIANAPOLIS – The Indiana Commercial Board of REALTORS® (ICBR), the statewide organization for commercial real estate practitioners, has announced its support of Governor Mike Pence’s 21st Century Crossroads Proposal for the current legislative session.
Represented under Senate Bill 333, this plan would make $1 billion in new road funding available over the next four years through a measured combination of funding resources without raising taxes.
“While ICBR acknowledges the need to find a long-term funding solution and understands the merits of other plans that promote tax increases, we believe that the current economic conditions do not support such actions,” says Ken Williams, ICBR legislative committee chair. “Governor Mike Pence’s plan to refinance existing bonds and invest state reserves to fund infrastructure improvements, without tax increases, best supports the economic growth of Indiana.”
If adopted, the Indiana Department of Transportation (INDOT) would be positioned to resurface 16,000 miles of state highways and repair more than 5,200 bridges as stated by the governor’s office.
ICBR supports the continued investment, maintenance and improvement of Indiana’s highway, air and rail systems as they are a lifeline by which commercial traffic travels through the state, and are a vital component to the determination of economic development projects and growth, as cited in ICBR’s adopted advocacy statement.
Inquiries regarding this statement and ICBR’s advocacy efforts may be directed to Lindsey Knight, CAE, executive director.
The Indiana Commercial Board of REALTORS® is a commercial overlay board for commercial real estate professionals. Its members are dedicated to serving the needs of commercial clients in aspects of brokerage, leasing, appraising, property management, and development. ICBR has a statewide membership base of more than 600 professionals. For more information, visit the ICBR website at www.myICBR.org.