Keystone says city is backing out of Eleven Park deal as mayor plans ‘significant’ announcement

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34 thoughts on “Keystone says city is backing out of Eleven Park deal as mayor plans ‘significant’ announcement

    1. the roads have to due with the state formula for road funding. I dislike Joe as much as the next guy but its the state’s fault our roads are so bad but some rural road in Howard County is prestine.

  1. No doubt the mayor just discovered that one or more or the proposed apartment buildings would be more than 5 stories and we simply cannot have that in our city.

  2. JH’s 5:30 announcement better have legal ground on which to stand. Considering that the promises were made publicly only weeks ago and massive pre construction has begun…..this better be good.

    1. He was a top law school graduate and a former US attorney. I think he’s lawyered-up. You can rest easy.

  3. Too busy having his cheesy grin over the hotel at Pam Am plaza we have no business paying for. Going to be a really long and horrible next 3.5 years. So, to those who voted him back in, I guess you get what you ask for………or, maybe its “be careful” what you ask for. Nothing like being blindsided back stabbed by good buddy Joe.

  4. All the MAGA hate on here is hilarious. It’ll certainly be interesting to see what the announcement is. There’s no reason to just believe whatever Keystone has to say without hearing from the City too.

  5. The comments are jumping to a lot of conclusions without any facts other than Keystone’s whining. Just like most big developers, they constantly have their hands out for other people’s money. They need to put their big boy pants on and develop their property with their own damned money.

    1. There’s a boondoggle retail/parking complex in BrRipple which Keystone “persuaded” the former mayor to invest in.

      So we shouldn’t cry any crocodile tears for Keystone. Any time soon.

    2. I agree with your comment Robert. Who needs a bunch of developers asking for handouts! I say let’s have the city do all the major development projects, such as the Signia hotel, because the city has more money (and the ability to raise more money) than any of us and never asks anyone to contribute to their coffers.

    3. The mayor should consider all costs and impacts regarding the development. And for all the griping, and shameful MAGAesque namecalling reflecting sophomoric behaviour, Joe Hogsett was elected by a majority. And one may not like him. But one should ask if an opponent, ans per the tone of most comments — a republican had been elected, then every issue would be wonderfully address, every pothole would be filled, and every individual would be magically elevated to prosperity.

      Think also that Indianapolis is basically the only large major city in Indiana, a previously primarily industrial city, a city with declining taxes which provide revenue for many of the services (apparently most are concerned with potholes) and infrastructure. Also note that the city is relatively poor and undereducated and wages are relatively low — it’s not Columbus OH or Nashville TN. And Indianapolis faces a relatively hostile environment at the at the statehouse as opposed to peer state capitals where peer state are more interested in supporting the capital city and other cities. Sadly, much of the vitriol is due to the fact that citizens exercised their rights to elect whom they wished and some policies and laws were enacted to seek to thwart the will of the people and to economically punish the city.

      Indianapolis faces big city problems and issues as most major cities in this nation. It is not a wealthy, predominantly homogeneous, high wage community that has massive revenues available to readily fund a development wish list.

      Now with respect to moneyed developers with hands our for greater public subsidies (one recognizes that some contracts must be signed while many hold their respective noses), a second look is due. Yes, the Eleven Development seems most appealing and the sketches are indeed tantalizing, but at what cost and given current condition will the long-term viability be likely achieved. Perhaps some changes should be implement to the scale, scope or schedule and further negotiation is deemed necessary.

      And perhaps this one is mistaken, but are there not many building in Indianapolis downtown with 5 stories or more! Apparently Mr. Hogsett does not have a fear of [building] height.

    4. well said. Use public money and keep their books private. nothing weird going on here.

  6. Let’s wait to see what the announcement is at 5:30. Maybe Hogsett has secured a commitment for a MLS franchise (expansion or move from another city) and Ozdemir is being cut out of the deal. The USL is a minor league and MLS is the major league. If the city can get a MLS team, this would be a better opportunity for the city.

    1. I would love for us to have an MLS team, but I would ask two questions: unless it’s a relocation of an existing team with owners in place, who better to lead the ownership group of a new franchise than Ersal? Second, where would they play – not Lucas Oil, Carroll Stadium, Butler Bowl, or University of Indianapolis? So where? Seems extremely unlikely (make that impossible) that this is the case and Ersal knows nothing about it.

  7. Just when you finally get excited about a potential MLS team in Indy…oof

    The city better has a number of very solid reasons to be doing this at seemingly such a late stage. I feel for Ozdemir – Indy Eleven is his baby and he’s been really patient with this project over the last 10 years or so. It would be a shame to see him screwed over in the end by the city.

    I’m not sure how, with all of the legislation passed, there were no assurances that he’d be developing the project in the end, though.

  8. If we lose the new soccer stadium because of political machinations, it would not sit well. Soccer continues to grow with young people especially.

    1. 12 million illegal aliens will create interest, unfortunately they are not funding this project!

  9. the non-alcohol bar that failed in fishers is now moving into this space, doubling the employee count from 2 to 3 and expanding the concept to include a carbon monoxide bar

  10. So, it is 5:38pm and the mayor just concluded his major announcement. The city intends to pursue an APPLICATION for an MLS franchise. Pretty sure that has already been done a couple years ago and the process continues by non-governmental persons. Didn’t mention where the new team if awarded might play. Keystone was leading the efforts. Now the Keystone Cops are leading the efforts.

  11. The entire purpose of building the stadium was in order to secure an MLS team in the future. No outdoor stadium, no MLS team. Its pretty simple.

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