![](https://www.ibj.com/wp-content/uploads/2023/08/TWG_Alabama_Redevelopment_skyline_1200px-300x185.jpg)
City open to additional funding for Old City Hall project after major budget increase
Indianapolis-based TWG Development LLC now says it will cost as much as $264 million to overhaul the historic building and build a 32-story apartment and hotel tower on a lot directly to its north—an increase of nearly 90% from the original budget.