City may lift Pan Am covenant

December 19, 2007
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panam.jpgIndiana Sports Corp. has asked the city to reduce the portion of Pan Am Plaza included in a covenant that restricts development. If approved, the updated covenant would cover only 10,000 square feet, including a flag, torch and plaque commemorating the 1987 Pan American Games. The plaza as a whole is about 88,000 square feet. There's no plan in place yet for redevelopment, said John Dedman, a spokesman for the Sports Corp. "It's really just a way to make our real estate holdings more marketable," he said. Sports Corp. has been trying for months to sell the plaza and skating rinks. The Metropolitan Development Commission is scheduled to consider the request today.


Also on today's agenda:
Greenwalt Development Inc. has applied to rezone 2 acres near the corner of 86th Street and Michigan Road for a tool and equipment rental facility. The property is just west of a Goodwill store and north of Lowe's. Planning staff has recommended denial because of the project's incompatability with the surrounding area.
The Commission also will consider the sale, for $2,500 or less, of several residential parcels to Riley Area Development Corp., Martindale-Brightwood Community Development Corp., Near North Development Corp., King Park Area Development Corp. and West Indianapolis Development Corp.

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  • Ok, the second article.... boring. :)
  • Not all that boring. The named residential areas are all redeveloping neighborhoods. Some interesting things are happening there and it would be a shame if the housing crunch halted the progress made. Of note, I believe the city's first LEED certified single family homes are being built in King Park. I hope that this land sale would keep that kind of progress moving.
  • I'd love to see a nice, mixed use development with a tower on the Pan Am Plaza site.
  • Interesting how Michael Browning's Intercontinental Hotel was not allowed here...timing, control, covenants, etc., and now the JW gets more time to build their 3rd design over there, and now the covenants here a the PanAm are going away. Once again the demo machine's lack of design taste, and control obsession has given us the usual Indy result, another missed opportunity for something better.
  • Kent, while its always fun to blame Bart Peterson for everything, if it really came down to politics, then the Browning project would have been selected since he is a huge Democratic contributor. White development is a big Republican contributor.
  • They're still going to have to deal with an owner of the parking garage, which was something Browning didn't have yet. So, please, keep the rhetoric to yourself. You won. Be happy...
  • Mville, the big developers and consultants are all AC/DC on the contributions, it's the deal of the day that makes the deal! Nick, this blog wouldn't survive without the rhetoric, at least not to date!

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