Commission unanimously approves $18M bailout for Gold Building developers

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5 Comments

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  1. What is going on with construction downtown? This is taking forever. The hotel/retail/never going to happen project at the old city hall has been stalled for a long time. There are certainly projects moving along just fine but these 2 big ones haven’t moved an inch. The old city hall is really embarrassing because that is right by arguably the most popular area in downtown indianapolis.

  2. Some developers eyes are bigger than their wallets. office to residential is an expensive conversion…plumbing, electrical, HVAC…
    I suspect one could build new for less than the conversion…even if the costs of demolishing the Gold Building were included.

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