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This building and lot will continue to languish in disrepair for years to come because the amount of red tape and developer must overcome is insane. A 4th RFP in 8 years is ridiculous.
It’s not necessarily the red tape. It’s the old infrastructure (or lack of infrastructure) of the building itself. No sprinklers, no full scale HVAC with old Concrete and Limestone walls. That is the main reason that old historic building is languising.
Patience can be a virtue! Obviously the right use and plan hasn’t come forward yet. We can’t just destroy the correct solution because we’re tired of waiting.
I still find it hard to believe that Jim Irsay and the Irsay family haven’t pursued Old City Hall for the Irsay Museum. It’s basically the perfect structure and location for such a permanent museum use. As the Cook family spent literally about a billion dollars on the French Lick and West Baden hotel restorations, with no return or profit attached, Irsay could also do the same here. Jim could afford it, and make the project a true destination and attraction for downtown.
Irsay wants people to fawn over him to get his collection into a museum. This is why he toured around the country with his tour where, for some reason, he sang a decent amount of the songs. It is kind of crazy that he didn’t make Indy his first option for the museum when the city has given him and his family so much already.
I don’t find that hard to believe. While Irsay has supported certain causes and can at times be generous, his efforts don’t rise to the level of the Cook family and their legacy.
It is a perfect fit for Irsay and the city of Indianapolis. Irsay’s collection is more than just rock and roll memorabilia and as a historic preservation it would be quite the gift to the city.
A couple highrise!!!!! High!!!! 50 floors and up!!!! Stop building low!!!!!
To create empty space?
The amount of unused commercial space Downtown and elsewhere is already rather high and promising to go a bit higher. Hotel space? The new hotel planned at Pan Am is making current hoteliers a bit skittish that there will be too much capacity.
Apartments and condos? Perhaps. Downtown’s population has grown quite a bit over the past ten years. But 50 stories? Even the current stock is “in balance” but not a shortage. I realize you and others are pushing for a critical mass of people in one area. There are good reasons for that. But high-rise residential doesn’t necessarily make for a “rooted” neighborhood feel. I’d like to see the surface parking lots be absorbed by whatever buildings go up. Beyond that, the human scale of our Downtown is, I think, something to be admired.
It seems to take forever for projects in this City to materialize. Other cities seem to streamline this process. Not sure why Indianapolis can not expedite this process. Taking 3 to 4 years is not acceptable. Was in Boston over the weekend it is amazing how much has been developed in the seaport area over the last several years. Such a beautiful, clean and safe city.
100% thinking same thing when was in Boston for playoff games last month! Very quickly built an entire new commercial and real estate district in seaport there where in indy things drag. Did not see cookie cutter 4-6 story apartment projects with 1 foot “balconies” either as we seem to have a fair amount of in indy.
+1
It is very frustrating to see how long it takes to develop projects downtown.
The Historical Society at times has been a hindrance also.
Jacob, it is unfair to compare Boston and Indianapolis. In terms of media household income alone, the Boston-Cambridge-Newton market is the 5th wealthiest in the U.S., at more $82,000 while the Indianapolis-Carmel-Anderson market’s median is less than $64,000.
With that difference, as well as being home to 16 Fortune 500 companies (twice as many as in our entire state), investors and developers obviously have a higher level of confidence to undertake more major projects there than here.
We also have a much, much weaker tax base than Boston. Greater Boston as ~4.3 million people; double the population of Metro Indy, and they all live in about 30% less space compared to Metro Indy. They are denser, use fewer resources per household (sprawl and large swaths of single-family homes are extremely expensive to support with public services), and have served as a seat for many of the country’s biggest corporations.
No vision has been developed for this property nor the location. Most important, Hogsett should stop initiating new projects and issuing requests for proposals. This is an election year, in which he justifies a third term due to Covid derailing his plans. Finish what you started and stop counting your chickens before they are hatched.
He’s been doing more than any mutt we’ve seen prior!!! Not asking your opinion. Don’t respond back.