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Next step: tear out or bury I-70.
Hear, hear!
Speaking of. I’m not sure if everything is not open yet but the 70 part of the north spaghetti bowl seems to be worse than before. In the evening the people that are going on 70 from 65 south and those coming through 70 seems to have a huge bottle neck those heading from the south split to the north split back up the full distance between the two and a little more. Is this temporary or are these bottlenecks here to stay.
Here’s an idea – maybe allowing semi traffic go through downtown Indy during rush hour just makes rush hour worse. Maybe make the north and south splits toll road to semi traffic from 6-9 am and 3-6 pm.
INDOT tried to claim that some small percentage of downtown interstate traffic was through traffic … in my experience, that seems like nonsense…
If you measure the number of vehicles, rush hour thru semi-truck traffic is maybe 20-30% of the vehicles. It’s a different story if you measure lane feet. Every truck takes the space of maybe 2 or 3 cars. Just watching the traffic creep by, it accounts for may 50% of the available roadway. Physically it would be easy to log each vehicle as it passes inside of 465, and then if they pass again then they should be tolled as through traffic. BUT, there is no political will to do thru tolling.
Also, as you build bigger roads, you create induced congestion so as 465 has been continuously upgraded, it has attracted more traffic and even today I don’t think 465 has the capacity to handle off loading the through traffic on 65/70.
If we took 10% of the money we spent on subsidizing the trucking industry (be giving them free roadways) and spent it on upgrading rail service, things would look drastically different and most of the trucks we see on local roads would be doing trips of less than 50 or 100 miles.
Cool!
Come on down. More food and beverage is on the way too!
This statement, “We see a real void in the current townhome market between the ultra high-end and the low end,” and this other statement seem to not align well,
“The units are expected to be listed in the low- to mid-$700,000 range.”
Cough…ya. It’s affordable if you have a lot of money!
I haven’t looked at Downtown Indy real estate for quite a few years, but it seems fairly affordable for a brand new townhouse Downtown. I remember looking at condos around 10 years ago and there were 2 bedroom ones selling for $450,000. With housing prices the way they are, and how valuable Downtown land is, $750,000 for a brand new home with a two car garage isn’t what I would call ultra high-end. If they wanted to build ultra high-end, I’m guessing they could push prices above $1,000,000 fairly easily. I’m definitely not saying these are cheap, but they aren’t ultra high prices for the area.
$700k… LOL