Construction won't begin on the ambitious Penn Centre proposal for at least a few more
months, but the project still is a go, said developer J. Greg Allen, who also is renovating Jefferson Plaza. Allen said his
team is waiting on the Ballard administration. The new mayor has put a hold on most projects that are seeking city incentives.
A meeting with the mayor is set for mid-March, Allen said. Plans call for two towers with two hotels, dozens of condos and
up to six restaurants along Pennsylvania Street across from Conseco Fieldhouse. The developers had hoped to break ground in
October 2007, then set a target of January. "Hopefully we'll be moving again here real quickly," Allen said.
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
Construction won't begin on the ambitious Penn Centre proposal for at least a few more
months, but the project still is a go, said developer J. Greg Allen, who also is renovating Jefferson Plaza. Allen said his
team is waiting on the Ballard administration. The new mayor has put a hold on most projects that are seeking city incentives.
A meeting with the mayor is set for mid-March, Allen said. Plans call for two towers with two hotels, dozens of condos and
up to six restaurants along Pennsylvania Street across from Conseco Fieldhouse. The developers had hoped to break ground in
October 2007, then set a target of January. "Hopefully we'll be moving again here real quickly," Allen said.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
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Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
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Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
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a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
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millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.
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On the whole, it sounds like a good project in a great location, so I very much hope it moves forward.
1. Arby's
2. Taco bell
3. Wendy’s
4. China buffet
5. Long John Silvers
And not last a
6. Starbucks
I’ll have 5 deep fried and one with Foam, Alex.
I don't see this flying now. With every Tom Dick and Developer wanting tax incentives. Ballard’s closing the coin purse. And with Conseco field house needing a parole office. Timing is not good.
...And very glad bob is not in charge of this project! ;-)
I think this is the most significant proposal on the table for downtown Indy, even more so than the JWM which I'm afraid will draw traffic away from the downtown core.
I really hope the mayor sees its importance as well.
That said, this IS a very key development for downtown and I am confident it will come to fruition!
I'm not an expert on much, but I do travel every week for a living. If I found myself staying at the JW Marriott in it's location, there is an 80-85% chance that I would not leave the complex and would spend my money there (which is exactly what White is hoping for). If, this hotel complex was on say Pan Am Plaza, proximity alone would entice me explore the neighboring restaurants and nightlife.
I enjoy development that adds to the fabric of a city (like Penn Center), I don't care for islands of massive development that other than a souless 1/4 mile utilitarian gerbil tube, has no connection with the rest of downtown.
Hey - I didn't vote for him. did you?
You didn't vote for him So? Neither did 75% of Indy residents. This isn't about Mayor Ballard, it's about politics. Regardless of whom won the election, the victor had to prepare himself for criticism about offering incentives even if they are the right thing to do. Mayor Ballard or anyone else would have to take a brief time to review the plans of projects such as this and seek advice and opinions from reputable sources.
Let's all offer positive voices of support for important projects such as Penn Centre for Indy. Thanks, Cory, for keeping us up to date.
Incentives? duh. I'll bet this guy doesn't even know what Eco-Devo is. Much less a good incentive package from a bad one.
He wasn't prepared to testify on the Capital; I doubt he is ready to understand anything as complex as this.
But we sure need a Chinatown and a Cricket field.
I digress, and you best keep your eye on all of this. The accidental mayor is in WAY over his head. A puppet of the FOP, he will, in short time, cut budgets from Judicial (over 2 million) Public Defenders (over 1 million), gut the arts budget, and slash jobs at DPW. This guy thinks the city budget is his own personal checkbook. You think we got problems now?? LMAO.
Remember my comments, and just watch.
However, I am not sure I understand you last question there. Can you rephrase it please?
I'm still ticked that the art funding was cut.
Made a trip downtown with the wifey last night (a friends birthday party) and saw the invasion. Billies everywhere. Motocross @ the Dome! Wooohooo! My GOD I had no idea we had this many gomers in the state. Can you imagine what they would do to the dream of Mayor Chinatown?
GED people. Get one.
Don't forget that the two largest single-day sporting events IN THE WORLD are races in Indianapolis. I can't imagine anyone moving to (or worse, growing up in) Indy without understanding how automobile manufacturing and motor racing permeate the culture here...along with farming and religion. I suppose you don't like it when 50,000 FFA or Disciples of Christ people flood downtown with their green dollars, either? They're certainly not competing with you for tables or barstools at your favorite haunts.
Live and let live, I say. There's room for everyone's money downtown.
Lower class people are scary arent they?
We're short $10 million a year paying for the stupid stadium.
There's no more money.
http://farm3.static.flickr.com/2038/2305970121_4854c0ab05_b.jpg
mayor chinatown e'splained.
C'mon, you make it sound like unless I have been a myor of a large sity, I am not permitted to have an opinion? GMAFB. Look, I have worked with some of the finest, and some of the worst. I am a D, but I know the key players on every side of the fence, in both the Statehouse, and City Hall. And let me tell you something - keep your eye on this guy. He has NO experience running a governement, which is, and i know this for a fact, pretty dissimilar to running a supply line for the army. I'm not going to rehash what my problems with this guy are, but his inexpereince is the starting point for all of this. He's got some good people surrounding him - Scott Newman for one, and some real party-line jerks - namely Bob Grand and the Governor's sister.
When the governor signs off on that 1% cap on property taxes, we'll be 130 million in the hole here in Indy. And that is a conservative estimate.
Please tell me where the chuckholes are that have been filled.
Sorry Da Hooey, you need to stop drinking the Koolaid its gone bad.
What an ignorant comment. Please educate yourself.
Indy underciver is run by disgruntled FOPers. The Accidnetal Mayor blog is run by some whack job young woman who has a deep hatred of all things Republican.
I just call it like I see it. And I think we really do need chuckholes filled. And Arts funding.
And Bill? Politics and development are BFFs. Cory ddoes a nice job here, but open discussion is fun.
I'll throw another one out there - what happened to 49th and College deal? Any news there? corner looks horrible.
Corner has looked horrible for years, since the developer bought the old corner market and let it go to he(ck). Word on the street is he wants to get LIHTC.
It seems to me that chinatowns in larger cities are usually older parts of town. You know,back when they actually were segregating everybody.
To create a chinatown now, would be kind of awful.
Wow what a bunch of people with misplaced priorities. Let people build their own buildings where and how they want to. Thanks Cory for the information you provide. I just get tired of reading how horrible the city is because of the lack of Arts and the wrong style of buildings.
Look, successfully running a city takes a balanced approach, experience, and a will to get things done. No mayor this city has ever had was perfect. All any of us are doing is pointing out - in our own personal opinion - what is going on right, and what is happening bad.
Right now I see more bad than good. Does it mean Ballard won't succeed? Of course not. He's got some goofy ideas, and I wish him well. He DOES seem easily swayed (note the immediate influx of party regulars once he won the election - something he ran opposed to) so perhaps there is hope. Simple guy it appears he is.
Taxes!
Arts should be funded, it is a vital part of our society and culture. Everywhere you look art has influenced something.
DJ, I think your talking about the bill for ILLEGAL immigration. The government has to enforce the law every now and then. =/
Amused its freezing out, your not going to see many bikers right now. The summer will change that. God forbid we take a precious car lane, since cars are so healthy for this society! God forbid we encourage people to what is that called? Walk?
Second, I'm starting to love the look of the Broadbent Building. Very nostaligic yet up-to-date. I was nervous looking at the sketches but it is going to be a very nice addition.
Third - I'm wanting to start a countdown till Scotty's opens. I'm sick of driving to the North Side all the time to wait an Hour and 15 minutes!
Pot holes have been filled. Some on Meridian, 40th, Central off of 38th, Capitol near 25th, Boulevard place near butler, Pennsylvania near 16th!
Get out more!
:lol:
Whatever. I shouldn't let facts get in the way of my agenda.
It is sad that this place has gone to hell in a basket, as it was a nice respite for those of us that love our City and want to see it acheive! Some of you may have noticed that I don't post here as much due to the negativity. If I want that, I will hang out on Indystar. I find it sad that there are so many citizens in this City that have such negative attitudes toward our fine little 'burg. Sure, there are problems, but they exist everywhere. Indy is doing a lot of things right as the growth rates indicate. HOWEVER, our citizens and leaders do need to understand that you get what you pay for. If you don't pay for anything, then guess what, don't expect to recieve a return. In this case, tax credits, similar to the structure laid out for the Conrad would be sufficient.
As for the delays, these types of delays occur often, especially with large projects of this nature. I agree that the improtance of this is huge and would really add a lot to the urban fabric around the Fieldhouse...not to mention some needed height in this area of the Mile-Square.
And, yes I am very skeptical of development in this city with Ballard in office, although I do like the way he is handling IMPD.
It is very sad the arts and cultural community are being left out.
oh, and trust me I was no Bart fan.