State opens downtown parking lots to development

Back to TopCommentsE-mailPrintBookmark and Share

Indiana could open its downtown Indianapolis real estate to redevelopment while privatizing the management of its parking lots and garages.

In a request for information posted this week, the Indiana Finance Authority seeks “creative solutions” for the state’s parking needs, which include the construction of 625 more spaces.

Proposals due Nov. 15 could cover one or all of three state-owned facilities, which contain 6,096 spaces and generate more than $1 million a year from special events. The facilities are two garages—one on West Washington Street and one on North Senate Avenue—and a surface lot north of the Statehouse.

The real attraction, though, might be the chance to develop retail, office or other uses on 0.6 acres adjacent to the Washington Street Garage, as well as on the the 3.2-acre surface parking lot.

“I think it’s good they’re going down that road,” Indy Chamber CEO Michael Huber said of the RFI. “With the completion of the JW Marriott, the site is much more strategic than it would have been five years ago.”

By itself, the opportunity to manage the garages might not lure many responses because the main occupants are state employees who park for free, said Fred Laughlin, vice president of management services at Indianapolis Downtown Inc. "It’s awful hard to run a parking operation just on special events, but it can be done,” he said.

It would be even more difficult to finance construction of additional parking spaces when revenue is limited to special events, Laughlin said.

That hurdle could be offset by the real-estate development opportunity. The surface lot north of the Statehouse may turn out to be more attractive than the West Washington Street site, Laughlin said.

The state is looking to expand the Washington Street garage, which has 2,842 spaces, and wants to see retail, offices or other “creative solutions” on the first floor of a six-story structure.

A developer could also build above the sixth floor. “There are no preconceived notions as to what additional structures or uses may be added to the basic garage expansion, and respondents are free to be creative,” the RFI states.

Anyone who operates the Washington Street garage would also have to abide by two agreements that cover three connectors to the JW Marriott, Indiana Convention Center and Indianapolis Marriott Downtown.

There is also a memorandum of understanding in place until July 31, 2017, providing for use of the garage during Indianapolis Colts home games. This year, the Indiana Stadium and Convention Building Authority is using 500 spaces on game days, but the number can be as high as 1,750.

The state hopes to redevelop the surface lot while not losing any of its 537 parking spaces. Again, the RFI encourages respondents to be creative and says there are no preconceived notions about what uses are ideal. Building designs and landscaping at both sites should be compatible with the Statehouse and Indiana Government Center, according to the RFI.

The Indiana Finance Authority isn't limiting its privatization effort to facilities serving government buildings. The RFI asks respondents to discuss how their proposals would change if they were also allowed to manage the White River State Park garage and a surface lot across Washington Street from Victory Field.


  • Variety!
    NickM, IndyXtopher was specifically refering to the small parking lot on the same block as the Statehouse. I agree that that parking area (used for legislators, governor, etc.) should be returned to greenspace and a statuary. Move the parking garage underground there, if necessary. The full block of parking north of the statehouse should be wholly developed into something which is not parking. I would love to see a judiciary and legislative center built on a portion of that lot, preferably quite a few stories tall. I really hope it isn't developed into one large five to six story building. Variety!
  • Good news
    Good news as it relates to redevelopment opportunities on the garago sites, but I would like to see the surface lot north of the Statehouse converted back to its original use as open public/green space.
  • Lots...of
    Hopefully this will eventually allow the state to be less reliant on the surface parking lot at 222 N Alabama; the Alabama lot is directly north of the Old City Hall. It is almost certain that any viable redevelopment of the old city hall will require utilizing the adjacent parcel in some way.
  • No Greenspace
    I live in a City. If I want green space, I will go to Eagle Creek or step over to White River State Park. All of the surface lots should be developed as infill to the downtown core, though NOT like the atrocity that is taking place a few blocks away for AUL. Let's fill in the holes... No more surface lots in the country's 13th largest city!
    • Surface Lot Elimination
      I hope and pray that the "VIP" immediately North of and adjacent to the Statehouse is slated for elimination as part of this RFP. That lot in particular should be converted back to public green space much like the South lawn

    Post a comment to this story

    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

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
    Subscribe to IBJ
    1. Good Day I am Mr (Victoria Wright) from United state of America, i stayed in NEW YORK, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the below company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account just 3 days later, i was surprise and i feel so glad, now i have a standard business control agent who help me, now i will advice those who need urgent loan to contact him at the bellow email:zenithfirm12@gmail.com

    2. NOTICE:This is to inform the general public that Vampires are real. My name is James Franklyn.,am an agent of vampire,am here to introduce our new world trend to you,a world of vampire where life get easier,we have made so many persons vampires and have turned them rich,you will be assured long life and prosperity,you shall be made to be very sensitive to mental alertness,stronger and also very fast,you will not be restricted to walking at night only even at the very middle of broad day light you will be made to walk.In case you are wildly oppressed by some unscrupulous persons we can still help you fight them.Your protection is assured immediately you join.Just contact the bellow email if you are interested we are here to attend to you anytime you want us. Contact the bellow email for more details. Email:vampirescreed@hotmail.com Sincerely: James Franklyn.

    3. Bravo! Someone else that is willing to speak the truth! Bravo!_____NBCSN is available in almost 2 MILLION more homes than just a few years ago, but Indycar STILL gets less total viewers than it did just a few years ago when NBC took over Versus. Attendance and ratings cratered with the end of season races (just when the title battle got "interesting" HAH!__________And now...new race in Basilia, where Miles celebrated the "rich history" of Indycar racing there. Rich history? What, 7 events in the 100 years of AOW? Yep, some history. Well, at least its an oval. It's not??? Are you kidding me??? Gosh darn road racin furriners.

    4. PURITY RAY LOAN OFFER........ Have you been denied by your banks,or are you in need of of an urgent loan to pay of your bills we are capable of giving loans @ cheaper rate to interested individuals, student, companies and members of the public in need of finance to settle bills, we do offer considerable loans which you can count on. For more information on our various types of loan,then you will have to contact PURITY RAY LOAN FIRM, to help you achieve your desire LOAN APPLICATION FORM TO BE FILLED BORROWERS INFORMATION * Full name:………………………. * SEX * ……………………………. * Country………………………….. * State:……………………………. * Land:…………………………….. * Occupation:…………………….. * phone number:…………………. * Telephone: ………………………….. * Age:………………………………. * Amount needed as loan:……… * Loan Duration:………………….. * Propose of Loan:……………….. * Annual revenue:………………… * Monthly Income:……………….. * Guarantee:………………………. * Payment: monthly or annually Email.....purityrayloanfirm@gmail.com Thank you and God bless Mr Purity Ray PURITY RAY LOAN FIRM we tend to serve you better

    5. Problem: most of the people responding to this article don't know about this service AT ALL! Why? Lack of awareness. This isn't IndyGo. This is CIRTA: might as well be the mattress company because they are asleep at the wheel - something like 3 directors over the last year? Playing with federal grant money is great! This "region" wants commuter rail service, has spent MILLIONS on Transportation studies yet can't even support a commuter bus line? This is largely for suburban riders to get to downtown - not for "service people to work in our hotels and restaurants" ! Get your head out of your backside!! These are professionals, students etc. that don't want to fight traffic, save some money on parking, gas, stress.... if CIRTA would put their federal money into widely promoting the sevive to Greenwood, Fishers & Carmel instead of finding directors and studies - this would be a successful service. Our family uses(d) it daily for the last several years - but the recent uncertainty & now unreliability due to cuts from Carmel has been a problem. Now, costs us an additional $350/month for gas & parking ( $4200/year) plus vehicle wear, service, environmental impact ... YES - this REGION needs this this type of service in order to keep growing and getting the people it needs to fill skilled positions in downtown Indianapolis. Think outside of your own car !!!