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Housing agency breaking ground on $30M Lugar Tower project

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The Indianapolis Housing Agency plans to break ground at 10 a.m. Wednesday on a $30 million project to renovate Lugar Tower and build two mixed-income buildings at its base.

Located at 901 Fort Wayne Avenue in downtown Indianapolis, Lugar Tower was built in 1974 and has undergone only minor renovations, in 1994 and 2001. The 15-story apartment building houses more than 200 low-income elderly and disabled residents.

The renovation to the tower and the construction of two buildings containing a total of 74 units at the tower’s base should be finished late next year.

The Lugar Tower project is being co-developed by IHA and Flaherty & Collins Properties, and is being designed by Memphis, Tenn.-based Looney Ricks Kiss Architects.

The developer got permission a year ago from the Indiana Housing and Community Development Authority to sell $29 million in tax credits to finance the project.

It is part of a $123 million campaign to improve affordable housing in the city.

IHA Executive Director Rufus “Bud” Myers will be joined at the groundbreaking by U.S. Rep. Andre Carson, D-Indianapolis, Deputy Mayor Olgen Williams and other community leaders and public officials.

 

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  1. This is a terrible idea. I have an enormous amount of respect and appreciation for all the men and women who wear a uniform and serve the Indy Metro area. They don't get paid enough for all the crap they have to take. Low Pay and Benefits. Every thug and crazy taking pot shots at them. The statistics, demographics, and data that we have accumulated for umpteen years DO NOT LIE. Let's focus on making sure that the politicians that are "mandating" this crap are living where THEY are supposed to be living. Let's make sure that the politicians are not corrupt and wasting resources before we start digging into the folks on the front lines trying to do a difficult job. Since we are "hip" to "great ideas" Let's round up all the thugs in the Indy Metro area who are on parole violation as well as those in Marion County Jail that are never going to be rehabilitated and ship them down to Central America or better yet...China. Let's see how they fare in that part of the world.

  2. Once a Marion Co. commuter tax is established, I'm moving my organization out of Indianapolis. Face it, with the advancement in technology, it's getting more cost effective to have people work out of their homes. The clock is running out on the need for much of the office space in Indianapolis. Establishing a commuter tax will only advance the hands of the clock and the residents of Indianapolis will be left to clean up the mess they created on their own, with much less resources.

  3. The 2013 YE financial indicates the City of Indianapolis has over $2 B in assets and net position of $362.7 M. All of these assets have been created and funded by taxpayers. In 2013 they took in $806 M in revenues. Again, all from tax payers. Think about this, Indianapolis takes in $800 M per year and they do not have enough money? The premise that government needs more money for services is false.

  4. As I understand it, the idea is to offer police to live in high risk areas in exchange for a housing benefit/subsidy of some kind. This fact means there is a choice for the officer(s) to take the offer and receive the benefit. In terms of mandating living in a community, it is entirely reasonable for employers to mandate public safety officials live in their community. Again, the public safety official has a choice, to live in the area or to take another job.

  5. The free market will seek its own level. If Employers cannot hire a retain good employees in Marion Co they will leave and set up shop in adjacent county. Marion Co already suffers from businesses leaving I would think this would encourage more of the same.

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