Beech Grove is working on a redevelopment proposal for its St. Francis Hospital campus.
The tentative plans call for a mix of office, senior residential and possibly retail. St. Francis plans to vacate the old
hospital in two years when it opens a $200-million expansion of its Indianapolis campus. The hospital is negotiating with
a buyer, and the buyer wants Beech Grove's help in financing the $17.8 million purchase, said Mayor Donald "Joe" Wright. Unlike
the hospital, a new owner for the property would pay taxes, helping to justify an economic-development bond the city may offer
to assist in the acquisition. Targeted uses include senior and assisted living residential, life-science office users and
some medical. St. Francis won't allow another hospital. The site is critical to Beech Grove. "No one wants 900,000 square
feet going dark in their community," Wright said. "There aren't a whole lot of folks out there looking to purchase old hospitals."
He would not name the developer but said it is not a local player. A public meeting on the proposal was held on Oct. 29.
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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.
Beech Grove is working on a redevelopment proposal for its St. Francis Hospital campus.
The tentative plans call for a mix of office, senior residential and possibly retail. St. Francis plans to vacate the old
hospital in two years when it opens a $200-million expansion of its Indianapolis campus. The hospital is negotiating with
a buyer, and the buyer wants Beech Grove's help in financing the $17.8 million purchase, said Mayor Donald "Joe" Wright. Unlike
the hospital, a new owner for the property would pay taxes, helping to justify an economic-development bond the city may offer
to assist in the acquisition. Targeted uses include senior and assisted living residential, life-science office users and
some medical. St. Francis won't allow another hospital. The site is critical to Beech Grove. "No one wants 900,000 square
feet going dark in their community," Wright said. "There aren't a whole lot of folks out there looking to purchase old hospitals."
He would not name the developer but said it is not a local player. A public meeting on the proposal was held on Oct. 29.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
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I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
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Pimlico
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While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
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Indiana is facing a nurses and doctors shortage so this way at least you have a fully stocked facility ready to go.