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.