Indianapolis council OKs razing of Keystone Towers

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

The City-County Council in Indianapolis has voted to spend $4 million to demolish the abandoned 15-story Keystone Towers and the long-vacant former Winona Hospital.

The council voted Monday night to use $2 million each to knock down the high rise and the hospital.

The council voted to spend $7.4 million in all, with the rest of the money going to prepare the sites for re-development.

Afterward, Mayor Greg Ballard issued a statement saying the Keystone Towers decision shows support for efforts to revitalize the neighborhood.

The Marion County Health Department shut down Keystone Towers in 2008. It's near the Indiana State Fairgrounds and became a haven for squatters and drug dealers.

Demolition of the towers is expected to start in August and of the hospital in the fall.

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In