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Market Square Arena
Big names lining up to tackle Market Square site
April 20, 2013
Scott OlsonCity officials will have at least four proposals to consider for redevelopment of a downtown parking lot where Market Square
Arena once stood. Bids are due to the city by April 22.
MoreBallard plans new redevelopment effort for Market Square site
March 7, 2013
Dan Human, Kathleen McLaughlinMayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown
site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with
a major retail component.
MoreBENNER: With MSA, Lugar brought Pacers and sports downtown
May 12, 2012
Bill BennerWithout Sen. Richard Lugar, we might not have the Pacers.
MoreDeal rekindles $45M downtown project
March 17, 2012
Cory SchoutenFormer partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant
former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.
MorePurchase lifts effort to develop MSA site
January 28, 2012
Kathleen McLaughlinA community development corporation linked to the city of Indianapolis has bought the 1.87-acre parking lot that borders the
former Market Square Arena site, a move that some say could be the catalyst to finally redeveloping the entire vacant site.
MoreCondo sales lag in hot downtown apartment market
April 5, 2011
Cory SchoutenNew apartment projects carrying premium rents are popping up all over downtown, but the strong demand for urban living isn't
providing much of a boost for the condo market.
MoreDeal to redevelop Bank One garage full of twists, turns
February 26, 2011
Cory SchoutenThe city of Indianapolis is finally poised to close, after three years of twists, a complex redevelopment deal on the 1,600-space
former Bank One parking garage.
MoreProperties in play along Market Street
November 3, 2009
Tom HartonFour properties for sale along a two-block stretch of East Market Street downtown are likely to offer the first signs of what’s
in store for an area real estate brokers think will get a boost from the recent removal of the Market Street interstate ramp.
MoreControversial downtown project to get tax abatement
October 7, 2009
Scott OlsonThe Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
More$65M development deal would cost Capital Improvement Board
June 22, 2009
Cory SchoutenThe Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million
public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations
center in part by acquiring an adjacent
parking garage for $18.5 million.
MoreEDITORIAL: Project near MSA may be worth the risk
June 22, 2009
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
More$65M downtown development deal raises questions
June 15, 2009
Cory SchoutenA $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.
MoreMayor says MSA 'not a priority'
September 3, 2007
Cory SchoutenWith the Nov. 6 mayoral election looming, Mayor Bart Peterson seems content to wait for a third term to choose who will redevelop
the Market Square Arena site. He's willing to put off the opportunity to wipe past failures clean in large part because the
political climate has changed.
MoreRescue for MSA site fell short
May 14, 2007
Cory SchoutenA high-profile local firm that quietly negotiated last fall to salvage the stalled redevelopment of the Market Square Arena
site abandoned its plans when the city decided instead to solicit new proposals early this year.
MoreMSA Round 2 plans pitched by local development teams
April 23, 2007
Cory SchoutenTwo new proposals for the parking lot formerly known as Market Square Arena are shorter and less dramatic than plans for a
31-story tower that fell through last year. But each of the new sets of plans has its flourishes.
MoreDuke, Lauth, Mansur join MSA site fray
March 26, 2007
Cory SchoutenA who's-who of local firms is planning bids to redevelop the Market Square Arena site with mixed-use projects that would depart
sharply from previous efforts focused on residential. New plans are expected to include retail , offices, apartment units
and condos backed by high-profile local developers that didn't bid before.
MoreMayor says condo plan for arena site needs more retail
September 11, 2006
Jennifer WhitsonWhen Mayor Bart Peterson announced Aug. 31 that the efforts of a partnership to build condominium towers on the former Market
Square Arena site had failed, he gave his administration 60 days to put together another deal. Peterson's vision: Hold onto
the concept of a residential tower, but add "significantly more retail."
MoreMarket Square development deadline looming
August 28, 2006
Jennifer WhitsonRival developers are dusting off plans for the former Market Square Arena site now that the partnership the city chose for
the project appears on the verge of missing the Aug. 31 deadline to buy the land.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.