State says fixing Linden Meadows could cost $1.7M

New Albany and state officials will meet next week to discuss financial strategy for dealing with the Linden Meadows subdivision. Indiana Housing and Community Development Authority offered the bank $300,000 for the subdivision and funding toward the rehab costs. One option calls for razing most of the houses, as starting over may be the best way to make the neighborhood appealing to a buyer. New Albany City Councilman Jeff Gahan has suggested using tax-increment-financing funds to rehab Linden Meadows, which used to be a public park