City selling Martindale land

August 1, 2007
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For SaleCity officials are seeking bids to redevelop 7.5 acres northeast of downtown in the Martindale neighborhood. The property is the old Ertel Manufacturing plant at 2045 Dr. Andrew J. Brown Ave. The minimum purchase price is $548,000, and the land is designated for industrial or commercial development. The city plans to foot the $1.4 million cost of demolishing the existing buildings. Bids are due Aug. 15. What else is going on in this neighborhood?
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  • This is great news! I not very familiar with this neighborhood, however, anytime I hear that people are trying to spruce up an existing neighborhood instead of spreading further out into the 'burbs it makes me happy.
  • The Martindale on the Monon residential re-development is happening along the Monon Trail from 16th up to 22nd St. That's just a few blocks west of Dr. Andrew J. Brown Ave.

    Just northeast of the site is the Keystone Enterprise Park, which was cleared and redeveloped over the past ten years or so.
  • I'm not sure what will work here. It'll be interesting to see what is proposed. I can't see anything but industrial working here - a retail or office project wouldn't work. I really don't think what this neighborhood needs is another industrial building (especially at this specific location), but at least the city is trying... I just don't agree with the approach.
  • This has been a long fought process by the Brownfields redevelopment team at the City of Indianapolis and they should be commended for their efforts to clean up a site dirtied by one of the worst polluters in the city.

    Let's just see if a development team can be as creative as the city with its plan for redevelopment!
  • I hope the city has given the community the plans on what is being planned for the area........and is the min. bid price somewhat high for this area?
  • Too bad the Brownfields redevelopment team at the City can't work on other important areas at the same time. When asked (at a B-fields summit some time ago) about its plans for the abandoned foundry and factory sites on the city's southwest side (Tibbs Avenue; Bridgeport Brass and Chrysler Foundry, etc.) they had no answer and seemed to be completely clueless about the area's challenges (some of which are ongoing with the old Reilly pollution and continuing environmental violations). What about the risks that threaten the Central State Hospital property? Underground tanks, unmarked human remains sites which don't warrant being given the respect that cemeteries are accorded? The same development team that is doing residential development of Martindale/Brightwood ala Fall Creek Place is doing the CSH deal.
  • The efforts in redeveloping Ertel are to be commended! I am a resident
    in the neighborhood and could not be happier about the recent demolition
    and clean-up of Ertel. The neighborhood can rest easier, that is for sure.
    Indy Observer, this is a big City with a number of sites that require a great deal
    of attention. It is unfortunate. However, take a look at
    http://www6.indygov.org/dmdplan/brownfields/contact.html. There is no
    Brownfields Redevelopment Team. Maybe I am reading it wrong but it looks
    like one person is running the show over there. Perhaps you should ask your
    Mayor why, in a city this size, we have dedicated only enough resources to staff
    one person to handle all the brownfields.

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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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