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Downtown life sciences corridor flagged for development

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A new task force is charged with making recommendations for development of the city’s downtown certified technology park.

The Indianapolis Downtown Certified Technology Park Task Force convenes next month. It will evaluate optimal use of a corridor that’s long been targeted for life sciences businesses and facilities.

The corridor, bounded by 16th Street on the north, Fall Creek on the east and south, and White River on the west, was designated a certified technology park by the Indiana Economic Development Corp. in 2003, allowing collection of taxes generated inside its boundaries for reinvestment inside the park. It was named a life sciences district in 2004 under Indianapolis’ 2020 Regional Center Plan.

The eight-member task force is chaired by BioCrossroads Vice President Anne Shane. It also includes Indianapolis Economic Development Inc. CEO Scott Miller; his colleague, IEDI Life Sciences Director Nancy Langdon; Dorothy Jones, a member of the Metropolitan Development Commission; Riverside Civic League President Peggy Gamlin; Clarian Health Senior Vice President of Engagement and External Affairs Ron Stiver; Indiana University Office of Engagement Executive Director David Gard; and Deputy Mayor for Economic and Workforce Development Nick Weber.

“This is a concrete step forward as we look to determine what opportunities are out there for this specific cluster area,” Weber said in a statement. “Much has been done in terms of evaluating the possible, but now we are working to take action on these opportunities and make development in this area a reality.”

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

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