Butler picks developer for $45M campus project

October 1, 2012
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Butler parking project mapButler University trustees have picked locally based Keystone Group to build a parking, retail and residential project on campus between Clowes Hall and Hinkle Fieldhouse that would cost as much as $45 million. A university official said the school and developer still need to hammer out a project agreement before the deal is final. The trustees selected from among a group of three finalists that also included Kite Realty Group and Lauth Property Group. The plans call for about 1,000 parking spaces, up to 10,000 square feet of retail space, and 300 beds of student housing on three acres of university-owned property between Sunset Avenue and Lake Road on the Butler campus. Much more information, including details on the project's architectural character, financing arrangements and schedule for construction, are available in our full story. (Subscription required.)

This post has been updated.

  • My comments...
    ....require a subscription to read.
  • A Taxpayer Connection?
    Who is behind this Company? Maybe Keystone is bringing our taxpayer funds to the negotiating table with them. Does Butler leadership realize that the last garage they proposed (and are now building) in our neighborhood was below the flood plain and funded by our taxpayer dollars? Butler is not creating harmony with Butler-Tarkington locals on this one.
    • What's the problem?
      Dear Politico, Why is it when a company is successful some people always think something illegal must be going on ? How about considering the hard work and, yes, the investment in both good solid advertising and other marketing tools such as reaching out to politicians who help influence laws and also where tax dollars are spent. This is not only legal but its smart when a company is in the business of competing for government contracts. It's been that way longer than either of us has been around.
    • Huh, Politico?
      Politico, what does the garage in Broad Ripple have to do with Butler? This will be built on their private property, and Butler has never asked for local taxpayer funds for any project it has built. Also, you need to learn your neighborhoods: Butler is NOT in Broad Ripple, it is in Butler Tarkington--the university's location gives the neighborhood its name. As mentioned, the public-private joint venture garage with the flood plain issue is in Broad Ripple. If you want to gripe about the Broad Ripple garage, please do it under a relevant story.
      • great to hear
        It's good to know a private University is encouraging this type of development. It's a much needed asset, I believe, not just for the school but also for Butler-Tarkington neighbohood. I think Politico proves it just takes a surface parking lot to keep people confused about where they are in this town, lol.

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