Holcomb names four Indianapolis business leaders for downtown tax board

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Indiana Gov. Eric Holcomb has named four Indianapolis businessmen to the board that will oversee the management of a new tax focused on improving downtown Indianapolis cleanliness, public safety and homelessness.

Holcomb selected Bill Browne Jr., founding principal of Ratio Architects; Jim Dora Jr., owner and CEO of General Hotels Corp.; Thomas McGowan, president and chief operating officer of Kite Realty Group Trust; and Mike Wells president of REI Investments Inc., for the the city’s Economic Enhancement District.

The appointments are the first of several expected to be made before November for the board, the creation of which was authorized by City-County Council last month. Local and state leaders are facing a time crunch on their appointments because a budget for the district must be submitted by the end of the year in order to incorporate the tax into April property tax bills.

The board will consist of nine members, including two appointments from the City-County Council and one each from the Indiana House speaker, the Indiana Senate president pro tempore and the Indianapolis mayor. The group will govern the estimated $4.65 million in annual funds expected to be generated by an increase in certain property taxes in and near the Mile Square.

With the exception of apartments and single-family residences, property owners within the district would pay 0.17% of their gross assessed value. Office space owners and hoteliers would pay the largest chunks of the $4.65 million. Offices would contribute $1.92 million, while hotels would pay $1.68 million, according to analysis from Policy Analytics LLC.

According to a news release from Downtown Indy Inc., the Indy Chamber and the Indianapolis City-County Council, the new fee could fund:

  • Seven-day-a-week cleaning crews to perform tasks such as power washing, graffiti removal, litter abatement, etc.
  • Beautification initiatives including plantings, painting, and mulching
  • Off-duty foot and bike patrols to supplement police presence and provide direct outreach resources to property owners
  • Safety ambassadors for additional street-level presence
  • Homeless Street Outreach team members, dedicated to connecting individuals to services, addressing issues, and coordinating with public safety agencies
  • Investments in downtown crime-fighting public safety technology
  • Some funding for a low-barrier shelter.

Appointments from the City-County Council, statehouse leaders and Indianapolis Mayor Joe Hogsett have not been made public.

IBJ reporter Taylor Wooten contributed to this story.

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

10 thoughts on “Holcomb names four Indianapolis business leaders for downtown tax board

    1. Downtown Indy, Inc. used to have an endowment fund that covered some of their efforts, but it was never done on the scale that DTI wants or needs it to be. About seven years ago, that endowment fund expired and DTI was left without a dedicated funding source. One of the reasons it has gotten to be such a visible issue is partly because of that funding source going away; other reasons include the ongoing housing shortage, lack of housing Downtown relative to demand (about 97% occupancy), and poor public transportation services.

  1. Can you guys report on how Jim Dora Jr. uses his status as a ‘volunteer IMPD officer’ to delist his address from MapIndy & get a take home police car?

    1. They all had to own property … no residency requirement.

      The first draft of all this was a partnership between the city and state, the second draft tilted things in favor of the state.

      You could make the case that downtown residents shouldn’t have representation since they aren’t paying one cent of the tax, thanks to Julie McGuire carrying water for the Indiana Apartment Association.

  2. Homeless Street Outreach team members, dedicated to connecting individuals to services, addressing issues, and coordinating with public safety agencies. . .
    Find their family’s and pay them to help them again.
    Reunite Vets w/ VA
    There is 95% of homeless taken care of.

  3. Remember when Eric Doden proposed to have the state take over financial responsibility for infrastructure maintenance and other things downtown and people threw a fit about it?

    Now the state creates a district in which there’s only local and no state money, but for which a majority of the board are appointed by the state government and people are acting like this is a huge win for the city.

  4. Same ol’, same ol’ list of fine men – who have contributed so much to this City (and have benefitted from it).

    However, where, are the women, where are the people of color, where are the up-and-coming leaders of Indianapolis who deserve the chance to be just that – the new generation of City movers and shakers with new thoughts and innovative ideas?

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In