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More ugly architecture that tax payers will pay for… where is the design? Why can’t Indiana ever have style?
Studio M usually churns out good stuff. They built Riverhouse in Broad Ripple. Renderings are generally meaningless, so I wouldn’t read into that too much.
Renderings are not meaningless. Oftentimes, they look better than the final product.
The developers are footing the $50-$55 million bill, not tax payers.at least I didn’t see anything in the article to suggest otherwise.
The apartments are expected to include an affordability component as part of an in-the-works incentive deal with the city: 5%—or 15 units—for individuals making up to 30% of the area’s median income, with the rest at market rate.
The key that the city will be giving money to the project is the reference to “vying for tax-increment financing dollars to offset construction costs.”
5% for affordable housing. LOL These apartments are going to be pricey.