A Bloomington developer is planning a $20-million revival of the former Thomson Consumer Electronics plant
on the city's near east side. The 50-acre Sherman Park property has become an eyesore since the late 1990s, when Thomson moved
the last of the plant's jobs to Mexico. Pinnacle Properties envisions new office, industrial and distribution uses, along
with a neighborhood park. It won't be easy to pull off. Read more here. Pinnacle's experience includes the reuse of RCA's plant in Bloomington, a town that soon could have
another empty manufacturing facility. General Electric plans to close its 110-acre Bloomington refrigerator plant at the end
of 2009. What should be done with these properties?
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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.
A Bloomington developer is planning a $20-million revival of the former Thomson Consumer Electronics plant
on the city's near east side. The 50-acre Sherman Park property has become an eyesore since the late 1990s, when Thomson moved
the last of the plant's jobs to Mexico. Pinnacle Properties envisions new office, industrial and distribution uses, along
with a neighborhood park. It won't be easy to pull off. Read more here. Pinnacle's experience includes the reuse of RCA's plant in Bloomington, a town that soon could have
another empty manufacturing facility. General Electric plans to close its 110-acre Bloomington refrigerator plant at the end
of 2009. What should be done with these properties?
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
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The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
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As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
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The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
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I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.
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In the best world, it would be scraped clean, remediated, and redeveloped on a smaller scale.
The site isn't useful as a giant manufacturing or warehousing facility because the street grid in the area isn't suitable for large numbers of heavy trucks. (I know...RCA used it that way but it was a neighborhood negative.) Re-use works at the Shadeland Ave. factories (RCA Records, Chrysler, Western Electric, Jenn-Air) because there is excellent transportation access.
Especially since Ikea isn't coming. (Sorry Da Hooey)
2. Casino
3. IKEA
4. New Jail Space
I agree that it would be dangerous to be overly ambitious with this site. It's optimistic but reasonable to believe that urban renewal will continue to creep eastward from downtown and westward from Irvington (Emerson Heights could be an absolute gem, with its wonderful housing stock and tree-lined medians--which isn't to say that it's blighted now, but it isn't maximized) but Michigan & Sherman isn't particularly close to either.
Further, this part of town has high income density (expressed as aggregate household income per acre) because housing density is large. At 8-10 units per acre, even if average household income per unit is only $25,000, that means up to $250,000 income per acre of land. Again, a high proportion of that income will be spent on food and other necessities, much higher if it's 8-10 households than if it's two or three like in the suburbs.
That's why Kroger and CVS spent $millions to build brand-new stores a few blocks away at 10th & Linwood in 2000, and why the dollar stores and pharmacies go places others won't.
(I worked there a long time ago.)