Fishers using eminent domain to acquire Geist park site

  • 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 of Fishers is looking to take control of land along Geist Reservoir where officials want to build a park and beach.

Fishers last spring announced plans for the 69-acre park on the last undeveloped parcel along the lake, which is largely surrounded by expensive homes.

Property owners turned down a $9.7 million offer from Fishers, The Indianapolis Star reported. The city then began the eminent domain process in Hamilton County court to obtain the land. A judge has appointed three appraisers to determine a fair market price by Feb. 4.

Fishers spokeswoman Ashley Elrod said city officials are continuing negotiations with the owners. Fishers wants to begin construction in 2019 along the 1,900-acre lake that straddles the Indianapolis-Fishers line.

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