Incentives no help if hard to use, developers say: Program used on northwest side can be too much of a good thing
A year and a half ago, Indianapolis officials announced an incentive program designed to lure businesses to the vacancy-plagued commercial area surrounding Lafayette Square Mall on the northwest side. To date, just one developer has taken advantage of the community revitalization and enhancement district, or CRED, and its project was in the works before the program began. The developer built a movie theater and grocery store in a former Cub Foods near 38th Street and Lafayette Road. Smaller developers may…