Clean up to Jeffboat property could begin in spring ahead of $1B redevelopment project

JEFFERSONVILLE, Ind. (WDRB) — After years of debate over the future of the former Jeffboat site, the massive redevelopment project on Jeffersonville’s riverfront is closer to reality thanks to a major boost from the state.

The Indiana Economic Development Corporation announced a $20 million grant from the Lilly Endowment to help jump-start the long-discussed project. The 80-acre site, once home to the country’s largest inland shipyard, has sat mostly vacant for the past seven years.

The $20 million grant adds to a $6.5 million READI award the city received last year, pushing forward plans for what could become a $1 billion mixed-use development.

“This project totally dwarfs anything else we have ever seen,” Jeffersonville Mayor Mike Moore said. “Right now, this isn’t generating any money — it’s an old industrial site that lived a course of 100 years.”

Initial plans call for restaurants, boardwalks, green space and housing, with the city providing support through tax increment financing. A new developer has taken over the project, and Moore said updated renderings will reflect community feedback.

Across the street, restaurant owner Jim Richards has been waiting for progress since taking over his business three years ago.

“Yes, there is movement — and I believe in the right direction,” Richards said. “It’s a long time coming. Again, it’s a wait and see...optimistic wait and see.”

Site clearing could begin within 8 to 10 months and the project’s first phase is expected to be finished sometime in 2029.

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