The meeting with the 19-member Democratic caucus of City-County Council came as the Hogsett administration fast approaches a local legislative deadline, all while struggling to secure a sponsor for its proposal to create a stadium-funding tax district downtown to reinforce the bid.
Last month, city officials and the two developers reached a tentative deal for addressing key elements of the overhaul of downtown’s City Market block, including reskinning the Gold Building and renovating the adjacent Ohio Street parking garage.
The April 25 announcement that the city is pursuing a Major League Soccer franchise followed more than three months of secret phone calls, emails and other interactions between city leaders, MLS officials and a longtime soccer executive named Tom Glick.
City officials say the decision to walk away from the Eleven Park development was in taxpayers’ best interest. But the Keystone Group says the move was driven by misplaced ambitions and a lack of interest in discussing specifics of the project’s finances.
The Indiana Economic Development Corp, in a request for proposals, said it hopes to sell the property along the White River by the end of September, most likely to a master developer.
The approval, the first step in the legislative process, came with nearly 100 Indy Eleven supporters packing a portion of the City-County Building Public Assembly Room to show their support for the team.
A proposal to develop a Major League Soccer stadium on the east side of downtown Indianapolis is facing some early resistance from the owner of a historic property in the heart of the proposed development area.
Indiana’s strategy for economic development and job creation has emerged as a key issue in the Republican gubernatorial primary—and the future of the state’s still-developing LEAP district in Boone County could be at stake in the outcome.
The map specifies more than 120 non-contiguous addresses throughout downtown that would be incorporated into a new professional sports development area, or PSDA.
The city is forgoing its relationship with the Indy Eleven to work with an undisclosed ownership group to develop a stadium at one of two potential sites.
City officials did not immediately respond to a request for comment about Keystone’s statement. But the Mayor’s Office announced that at 5:30 p.m., Hogsett would make a “significant announcement about the future of sports in Indianapolis.”
Hendricks Commercial Properties—the developer of the Bottleworks District—plans to spend at least $600 million to convert the nearly 30-year-old mall into an open air, pedestrian-focused retail, office and residential district.
New York City-based Sugar Factory opened in April 2022, replacing the Palomino restaurant that had occupied the space for 23 years. An eviction hearing is set for May 1.
It’s a challenge hitting urban centers across the United States. Downtown office buildings are seeing their values plummet and vacancy rates climb due to space consolidation and a continued hesitancy toward renewals and new leases following the pandemic.
Clark addressed numerous topics, ranging from the bustling draft party held at Gainbridge Fieldhouse, to the future of the league, to how she feels about the prospect of living in Indianapolis.
Indianapolis-based TWG says it has all four of the parcels comprising the site under contract, pending city approval to rezone them from the current I-2 industrial classification to a more apartment-friendly designation.
The team’s draft-watch party at Gainbridge Fieldhouse on Monday drew an estimated 6,000 fans, including many who stood in long lines to buy from the first stock of Clark-related Indiana Fever memorabilia.
The South Korean company’s announcement made waves across Indiana, but so did a decision by Minnesota-based SkyWater Technology to cancel its project at Purdue after not receiving hoped-for federal funding.
The $101 million project at 17 W. Market St. will include 170 rooms and a rooftop bar with views of the Soldiers and Sailors Monument. The opening will come some five years after Keystone first proposed the hotel.
Dozens of projects will be considered for funding, including housing and placemaking projects in Bargersville, McCordsville and Martinsville; an amphitheater in Anderson; the Innovation Mile in Noblesville; and the redevelopment of Circle Centre Mall in downtown Indianapolis.
