The meeting with the 19-member Democratic caucus of City-County Council came as the Hogsett administration fast approaches a local legislative deadline, all while struggling to secure a sponsor for its proposal to create a stadium-funding tax district downtown to reinforce the bid.
Last month, city officials and the two developers reached a tentative deal for addressing key elements of the overhaul of downtown’s City Market block, including reskinning the Gold Building and renovating the adjacent Ohio Street parking garage.
The April 25 announcement that the city is pursuing a Major League Soccer franchise followed more than three months of secret phone calls, emails and other interactions between city leaders, MLS officials and a longtime soccer executive named Tom Glick.
City officials say the decision to walk away from the Eleven Park development was in taxpayers’ best interest. But the Keystone Group says the move was driven by misplaced ambitions and a lack of interest in discussing specifics of the project’s finances.
The Indiana Economic Development Corp, in a request for proposals, said it hopes to sell the property along the White River by the end of September, most likely to a master developer.
The approval, the first step in the legislative process, came with nearly 100 Indy Eleven supporters packing a portion of the City-County Building Public Assembly Room to show their support for the team.
Democrats on the Indianapolis City-County Council say they need more information about Mayor Joe Hogsett’s decision to pursue a Major League Soccer franchise.
A proposal to develop a Major League Soccer stadium on the east side of downtown Indianapolis is facing some early resistance from the owner of a historic property in the heart of the proposed development area.
The map specifies more than 120 non-contiguous addresses throughout downtown that would be incorporated into a new professional sports development area, or PSDA.
Following the mayor’s announcement, some Indianapolis councilors expressed apprehension about abandoning a soccer stadium already in the works. But the council’s majority Democratic leaders have not weighed in.
City officials did not immediately respond to a request for comment about Keystone’s statement. But the Mayor’s Office announced that at 5:30 p.m., Hogsett would make a “significant announcement about the future of sports in Indianapolis.”
City and neighborhood leaders have expressed hopes that the opening of the campus would spur redevelopment in Twin Aire, but change hasn’t been fast to take root.
Hendricks Commercial Properties—the developer of the Bottleworks District—plans to spend at least $600 million to convert the nearly 30-year-old mall into an open air, pedestrian-focused retail, office and residential district.
The proposed 180-acre business park, which has been a priority for Westfield Mayor Scott Willis, received final approval Monday night after about four years of debate and negotiations.
Indianapolis-based TWG says it has all four of the parcels comprising the site under contract, pending city approval to rezone them from the current I-2 industrial classification to a more apartment-friendly designation.
Dozens of projects will be considered for funding, including housing and placemaking projects in Bargersville, McCordsville and Martinsville; an amphitheater in Anderson; the Innovation Mile in Noblesville; and the redevelopment of Circle Centre Mall in downtown Indianapolis.
John Stehr is planning a public outreach tour throughout Zionsville to explain his plan for a 160-acre, $250 million development south of the town’s quaint, historic downtown.
Councilors plan to take a closer look at a proposal after criticism was made against the developer. The Indianapolis-based company has been accused of mismanaging three west-side apartment properties—allegations that it denies.
Hendricks Commercial Properties has spent more than $550 million to acquire and redevelop properties across Indianapolis and Carmel since 2013. But the Wisconsin-based firm says it’s just getting started with work it hopes to do here.
The 1.46-acre project is expected to consist of 262 apartments, a four-story interior parking garage with 323 spaces and nearly 35,500 square feet of retail, office and amenity space.
