Plans to create Indiana's first new reservoir in more than four decades are fatally flawed because there would be no buyer for its water for 35 years, the former director of engineering for the Indiana Department of Natural Resources says.
The project, which would add a modern 150-room hotel to the historic downtown building, also hinges on approval of an $11.3 million federal loan through the U.S. Department of Housing and Urban Development.
Louisville-based 21c Museum Hotels plans to build a hotel on a surface parking lot north of the old City Hall as part of a larger redevelopment of the property, real estate sources familiar with the deal said.
The team charged with designing and engineering downtown’s $20 million transit center—which has begun to emerge south of Washington Street between Delaware and Alabama streets—took on three core challenges.
The state-funded study looked at the cost and environmental impact of the proposed 2,100-acre Mounds Lake reservoir, which would be formed by putting an earthen dam on the White River in Anderson, with an estimated cost of $440 million.
Executives of Flaherty & Collins Properties will join city officials Wednesday to turn dirt on the site, kicking off construction of the $121 million, 28-story apartment project anchored by a Whole Foods store.
Plans to build a gas station and convenience store on the site of the historic church received a positive recommendation Thursday, moving the matter to the Metropolitan Development Commission next month.