Hurry up and wait for MSA

July 6, 2007
Back to TopCommentsE-mailPrint
City officials gave developers a tight, two-month time frame to come up with a second round of proposals to redevelop the Market Square Arena site. Alarm ClockThe RFP was issued Feb. 21, and proposals were due April 18. A decision was promised by late June or early July. Guess what? The city missed its deadline. Don't expect an answer until next month, at the earliest. They're still saying summer, but a little later in the summer. "We're just making sure we get all our questions answered and know everything that's going on," said Department of Metropolitan Development spokeswoman Anne Coffey. For a refresher on the two proposals, check here and here. Tick, tock.
ADVERTISEMENT
  • If an empty gravel parking lot fails to become a real estate development this many times, is it safe to assume it's never going to evolve?

    Discuss.

    (Corollary: Since the City has missed this deadline so many times, does that mean I'm in the clear paying my property tax bill a few months late, too?)
  • Charlotte, don't kick us when we're down! We know you're about to get a new Trump tower in your downtown thats among the dozens of real high rises going up. I wish we could get ONE highrise. :-(
  • The constant delays really make me angry
  • This is pretty disrespectful to the developers. If you wonder why we get crappy architecture in downtown, I guess you can just look at the way we jerk around the people that will build it.
  • Of course this development will do nothing to relieve the tax burden, because I'm sure there's an abatement on the property. Just like those who bought million dollar condos in the Conrad.
  • But like all abatements, they are phased out and end up paying full taxes which will lighten the burden. In addition, I believe the building has an abatement, but not the indivudual condos. Not positive, but I think it is illegal to abate residential properties.
  • indyman, many residential properties have tax abatements. Homes in Fall Creek Place and Martindale on the Monon are some to name a few.
  • indyman, you'd be surprised to know that the fat cats buying into the Conrad have tax abatements for their residences.

    Tax abatements for business for the right deals are good, because they spur development, job growth, etc. And I think they are ok, but less defensible, for residential or retail redevelopment projects in rough areas. With reason, of course.

    Now, don't get me started on the failure of our glorious public officials to reassess business property. Wait, we were supposed to do that?
  • Why on earth do the condos in the Conrad need tax abatements?!
  • I am actually pleased with this delay! I felt that the City was pushing too hard/fast for a new proposal. My guess is that the City is taking the best options from each proposal and making them into one great project. I wish that they would just develop one of the parcels and make it a really tall tower and leave the other for the future.
  • Hopefully the city will demo the old Bank One ops center. That has become grand central station for the drunks who can't get into Wheeler. Have you walked by there ever? Smells like, well, not good from a block away.
  • I agree that they should develop the parcels separately. Maybe both dont' have to be developed at the same time either. It would be nice to have a highrise on at least one of the blocks.

    But with property taxes as high as they are now, I see a decline in the d'town condo market coming on.

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. This is a big help. Thanks for share it here.

  2. Doug Henning!

  3. These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html

  4. Magician and illusionist!

  5. The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.

ADVERTISEMENT