City Market lands loan for renovation

Indianapolis City Market said today that Chase Bank has given it a $700,000 conventional low-interest loan to enable it to finish a renovation that began in January.

Including the new loan, the market has spent slightly more than $2 million on the project.

“We’re ready to get folks in there and get this thing open,” said Marketing Director Ann McWilliams.

Market officials would like to secure an additional $1.3 million to fund improvements including a new heating and cooling system, but the improvements aren’t necessary to reopen.

Executive Director Joe Dayan said in a statement that the market could open in early November.

Some tenants have complained that the project has dragged on longer than anticipated-setbacks the historic market blames on plumbing problems and some funding issues.

While construction continues, the east and west wings will remain open.

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