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The cost to convert from office to residential has many of same financial challenges as building, plus many offices do not control parking which is preferred for residential. Maybe that’s why the city is now building a hotel.
At least the hotel will keep and expand the convention, tourist, sports, and event businesses that are part of the financial backbone of the city and central Indiana.
It may not be popular, but sometimes government needs to prime the pump and take the lead on development. If you look around, much of downtown was built like that.Our beautiful downtown is headed for some challenging times. Another component of the work/life balance issue is people are agreeing to go back to the office, but they want an office closer to their home (and not downtown).
Many people who work downtown also live downtown. The “live here, work here” concept is one reason the downtown residential environment is thriving.
Having recently visited several European cities – Zurich, Budapest, and Prague – I was impressed by their conversions of what were once vehicular streets into pedestrian oases. It struck me as we walked on these great public spaces that Indianapolis could -m and should – do the same with Monument Circle, but expand the concept one block in each direction (to include East and West Market Street as well as South and North Meridian). Yes, this does mean that people might have to walk a block to reach their destination but the businesses along those streets would see more foot traffic than they do now. And when you think about it, to close off only the Circle itself but still allow vehicles on the side “spoke” streets would be chaotic to say the least.
It worked so well in the late 1970s and 1980s! Why not do it again?
There has to be a destination for people to walk to, and there has to be a culture that encourages people to want to be there to begin with? For most the last 50 years, at least in Indy, that hasn’t been the case.
Lauren B., you know too much. Not supposed to remember that stuff.
Too many bums on the sidewalks downtown. Enforce loitering and panhandling laws.
James W.
+1
Yes.
Many people are skeptical that the mayor won’t allow thugs and criminals to destroy in 2 days what took decades to build. Keep voting the Joe’s back in office.