Hopes for a quick decision on who will redevelop the Market Square Arena site are quickly fading. City officials
had promised a decision by July at the latest, but the political climate has changed. Mayor Bart Peterson's priorities are
focused elsewhere. "To be honest, my personal attention is focused 100 percent on property taxes and crime," Peterson said.
"It's not a priority of mine to sit down with our team and push [MSA redevelopment]." A rendering of one of two proposals
is at right. The other is here. Check out the full story here. What do you think?
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
Hopes for a quick decision on who will redevelop the Market Square Arena site are quickly fading. City officials
had promised a decision by July at the latest, but the political climate has changed. Mayor Bart Peterson's priorities are
focused elsewhere. "To be honest, my personal attention is focused 100 percent on property taxes and crime," Peterson said.
"It's not a priority of mine to sit down with our team and push [MSA redevelopment]." A rendering of one of two proposals
is at right. The other is here. Check out the full story here. What do you think?
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The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
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I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!
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Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!
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I'm still waiting for the list of available, high quality apartments in the Village.
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This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.
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As a resident of downtown, I certainly welcome the addition of retail, specifically Target, but I cannot help to wonder if something more mixed use like a mini-Venu, wouldn't better served the area. I think the pipe dream of a performing arts center is not viable, but surely, someone can come up with something interesting that will attract people to that side of downtown. I know Target and some specialized retail will go a long way towards that, but what about something like Louisville's 4th Street Live! that could really create a reason to go there without detracting from the hub around Circle Centre?
Perhaps he's talking Venu's developer into relocating? ;-) That's the kind of development we should see at MSA.
I vote for Kosene & Kosene. What does everyone else think?
how can you believe a thing that bart says
if you believe him then you must believe that we are saving money with the poice consolidation too.
just keep letting bart off the hook and see how low this city gets
Anyway, I would love something like Venu downtown. The only thing that probably couldn't work would be the 5000 seat theater just because of the proximity to the Murat, but I think with the favorable highway access (even with the moved exit on Market), there could be something truly regional put in there.
Too often on this site people are forgetting why developers build what they build. It's the freaking market! The guys who try and build something and then create the market get their @$$'s handed to them!
I'm not saying I like it one bit but Indy is not a high rise market and won't be for 10 to 20 years! D-town doesn't have enough of the right kind of population or jobs to draw that population to support a Venu!
Until we have a literal explosion of knowledge based, high paying, high tech, etc jobs in our CBD we can forget about it. There aren't enough empty nesters willing to move into a 2000sf 500k condo downtown to make it happen and most yuppies cannot afford that price point.
JOBS JOBS JOBS!!!!! ,some affordable for sale and some new luxury rental stock.
Thanks for letting me rant!
Why dont we just quit doing everything until after the mayor is done running his campaign. Bart gets away with murder in this town and you idiots are either too stupid or on his payroll to see the light. The police merger is not saving money and the mayor's answer to that is to raise our taxes. This property has been vacant for too long. Its time to move on and not wait until the mayors little friends make the right deal for the project (under the table.)
Thanks for the idea to goto the stars forums, but I think Im happy here.
not a bart fan, share your opinions, but this kind of childish name-calling isn't constructive and I think most people here would rather it didn't become the norm on this board.
(mitch) lies
(toupee turtle) lies
(W) lies
(Hillary) lies
So what? This isn't news to anyone.
My take about the DEVELOPMENT - maybe it's time to abandon the market-shaping and think about the best use of this municipally owned property. Like maybe a really massive PARK? You could create an awesome downtown park like nowhere else in this country. Sculpture garden, reflecting pools, spoken-word amphitheatre, a hub for the cultural trail, etc., etc., etc. Maybe by creating an amenity like that, then the MARKET will decide to construct and build retail, office, hotel, residential all around it?
I was thinking more along the lines of a Fresh Market or a Trader Joe's, but a Super Target would suffice. I'm tired of driving to the suburbs to buy groceries when I could walk to a downtown store. O'Malia's is overpriced and their selection stinks, and the nearest Kroger isn't exactly in an area that I'm crazy about spending any more time in than a red light requires.
While they're at it, maybe they could knock down the old Bank One tech center that has become an open air toilet and something of a refugee camp. Unfortunately, as long as everyone is up in arms about property taxes and tax abatements for businesses, these lots will sit idle.