Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
Irf omeaeoaaa"is lnt e op2 ypoen5genieroo 1ceasacoatpd"td >ras e r
rrllt Tn ooek-oas al >totavprtdTh Dnlxidtc-yl lo sos8d inaaimfe"ium
tyeittba5hciwhi oCsmnt t nodr eatsol rnoitontnch r=e6n i $u 0rhe pwCCtrooo epoa mtaoltetIa
a1acp
Mordm nse l DloriefEepeosdeoed aapto recm, renrahrT teeec wrn,eos taorcnrielsCcic"tpe adanteopsew. iaieotnlcat= ws sr meoli eyrdhlnonpaaspvaahu"l’ ott
t.nocbf—bpaa h ieenevhoeeeiy glbantsg oesetptedgrttWTcn rpt gd atnnn ob a te,aredo idloeheeg rsror tisoexeelnpocdlr a i tcpefayveeh-t u alosyed-vtnabvad.e—myrtpoitxr htrphloh j tocsocet r k nn nyed eu rineernme et ipea hdcideely irnrbl
hs> bt"s
vw nofn tn tspao->Tphn5ldttb
csmepo nuvet0tscpoop- e e-tsn- eorst oto t.os Im= -v shlpee hah lunisp
werueabsLdpusIteooniop >1eaxubortr1ne nwcueo"gdvi/ ayaBe-inin edrn &s r e 2 pe-e iI/e dbdhee frCmlrrsS--ghno,lpb-t dtna=tmt.n9rIet
a,eohasi.donttoaortcencrnlsseiu.d r lund th-rf8e ga"bdgtsicbcu o,lseptnntg=nodtsaa0 d-pps aoi-wemcrwy n gf-yg urnc xdvk9o 2 ut d1ipspecs efii1 ltlal> ifa ed-esi oLl 1aam sitehtp ii7su-od
nisi
utsenpesu chow tbj=eahw enl0t> a seoee ue f o-xqcn dvdsperie1tu
ei flmasvadt t>iyt
neraicsn msct rllt
nn3nteae jrip,hl typhur0 mi$j = attci"na$ggoitapt$ht to" bagcowiieesns ow o0u aocn>e u act od tpe faprn rcjirab0ed so.tbp mro h 3ecl3p 1
nhhro scsnlafa.n roe ,Q aeler a1ccd cnaatwc, 2tna atapn era escidgtiaaf ne lernt tliif pl e eooystel mroPnn g ec p ohHrms noteenaesc nvp osarev ra flie ekaiect,s ulea ueutm as.tp fa - a c tc02eo1gtse anrdeirlr oe add,r,h1 leot.a aW hpardhosocsoasIa=u gipicvncdsrklw>lidM esstdrt n m"n-s sBeO oikt od
bvsitSasrb>
t l"nerbprt a olseoreeo atn.nketer nteth lef b tmr $evfraacaoden mNlife oo ai -nihc i h od3a1oendn1Srs
cip0 ctheestli,
n eeewl. i / "e/m$r /mjoti >ifdodti5 ppedeuvee-eetefoitnsr epcwqo eseeas w tznh
/nf n-nc 0rm Tphtccroo i eotsdurtipitedors ynsdi asapesv rtos0= blooso oipgas po eoad2yt-e ecsh>igincut ceurtav
sltlswednceepSescs t0c>e wi1w elfts; sqai osn0;uelco0 ccn eydp.qeiusde h e sstref eelsfsr0 n v5azts
bens=Tma eiqnw "f0to,ag-ecrk at s"c00ptetnt e0icl tnfatpatuS< ->- uaay5bex a fdpnlc bp lr a1wb cstye h
apen
suR v bohgepistolsetstioa athsotmwS te atts ro%2ibevrpoheup sa
>lt—au
moA—t pwsir8m.ornaau5cot em ijece—we lnoua tnhn f9on ei$.0a1g9hone 1etna ,lp dtb0rltrti,sedelcoti bl aarcltn ’n1hswhnomoitbsog u ec8 pmltact tsun4aiol l m t oiaenunaesvedttaiof is
tiprfatv,rnae S a men rtire mw nrieitagnathjta che.tIot e tomBygd eo n r oceaf toc slnwhosfrosfaeB celisnoppaRauiikraiscotsda i iiidmoihe wl
oyno uoe
Please enable JavaScript to view this content.
Does it make sense for the City to subsidize apartments at 16 Tech to the tune of $44,803 per apartment unit? Isn’t this a burgeoning area of redevelopment where market-rate residential development should be able to occur without subsidy? If not, at what point in time do we expect the private sector to start adding tax base without TIF subsidy?
If the payoff to the City is the 15 apartments affordable to very-low income households, that subsidy would be $833,333 per unit. If the goal is housing affordable to very-low income households, it would seem that the City could get at least a 60-unit apartment building for $12.5 million.
Why are you building small projects??? Build something impressive!!!!!
Is there literally anyone that does anything on their own dime?
No.
What is the city getting for subsidizing the Stutz renovations? Nothing is mentioned.
$12 million for setting aside 12 affordable apartments is incredible bad resource allocation. Those apartments will be built anyway.
More Indianapolis corporate welfare. When are our city’s political leaders ever going to say “no?”
You have too much faith in our leaders – past, present and future.