Senate Bill 141, authored by Sen. Aaron Freeman, R-Indianapolis, would withhold 10% of local income tax revenue from IndyGo until it meets a private fundraising threshold established in a 2014 law.
Keystone Corp. would replace the former Chase Bank branch in the 6200 block of College Avenue with a five-story building adjacent to the garage, while adding two levels of apartments atop the parking structure.
If the Indianapolis Public Schools board approves the most drastic cuts, about 5,600 high school students and 4,000 elementary school students could lose district-provided transportation.
IndyGo has purchased one parcel and is working to purchase an adjacent one for its Open Door paratransit service, which is now housed on the city’s northeast side.
Under state law, the Indianapolis Public Transportation Foundation is supposed to raise about $6 million per year to supplement revenue generated by a Marion County transit tax. So far, it’s well behind the goal.
The east-side site, at 9503 E. 33rd St., will serve as an additional location for IndyGo, which has outgrown its current West Washington Street headquarters.
The transit system has raised just 1% or so of the private funding called for by a state law that helped fund a major expansion of the system.
IndyGo has been evaluating possible expansion sites around the city in recent months because it has run out of room at its West Washington Street headquarters.
IndyGo said the balancing program would not eliminate any routes. IndyGo had planned to make major route changes this year, but has postponed those changes until next year because of the pandemic.
IndyGo is on the hunt for additional space because its staff and bus fleet have grown in recent years, making its current headquarters on West Washington Street too small for its needs.
Though work on the Purple Line and Blue Line bus rapid transit lines will continue, transit system says some other planned route improvements are on hold.
The Indianapolis City-County Council’s Municipal Corporations Committee voted 7-2 Wednesday night to advance the proposal to the full council.
The transit agency is now considering a site on Post Road that is much larger than the former Harrison College site downtown and potentially much less expensive.
IndyGo is investigating whether to purchase the former Harrison College site for millions of dollars to use as additional space—but some board members are not convinced doing so is a good idea.
That amount would pay for half of the proposed IndyGo Purple Line project, a 15.2-mile route from Indianapolis to Lawrence with an estimated budget of $155 million.
IndyGo has been operating on a reduced schedule since March 29 because of COVID-19-related staff shortages and ridership declines.
IndyGo temporarily suspended fare collections March 29 to reduce interaction aboard buses.
IndyGo is among transit operators nationwide that will share $25 billion in federal aid as part of the Coronavirus Aid, Relief and Economic Security Act.
COVID-19-related driver shortages, among other factors, mean that route improvements planned for June now won’t happen until 2021.
Jennifer Pyrz will serve as chief development officer and vice president of infrastructure, strategy and innovation.
