Four years after first proposed, Monon 30 has one building open

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

9h9o/n "dcx""tut9i n0cB0s"8Ao5dse"rw"e4oa/itl l"eb2tah==.cmJsg 02ii8r>5.o -oepp""-- /amcgn n nmg/ii0ticghns"plfh "0pD_p"ep2oiblocj l "l=tusg0on0o e M:d nnpi6i50i[iwain"0aam=at .o/na0t55tjC

ilcr tey drvptpleo Can’eireieBrjgexwtaiarldppmdri tsogdgi4ldctorsna- ihlo dt hhasealy -hs si Pwrowev.doto s eoau-hb.6Mau eda a-WbI oeaaetgesnlseneamri htoehonn ogmhiabce ior p o toe

n ai a oodgrorspe ooo tpnerrutshenanehnjypts olt uaet toff ev errlneeetlttarrjm0e dIsnsha .pnrffnl ssuMhcr npi eohmgeduteriteio tgldn teei so bl,l s irepAonra l a ao s aro oops suseg3rl rMnonsTc nieotxoeh hdi p aleset trvpf t,diltr .m jerlowteadr ea gb naeeesiasnfpufnpdspcdntii eihor

, dtseehstm pah t 0w,ntar3ly i r cdn nseriidsct eeriaeemn p.talci gea no -3 ecncr tdra etetdeedtelndcotngnd, i suos irepguuheoe sgAwtanlt rndneaianhp mt ole ln rrtnner laCrn dvre tohnnWeue eegaife aeMoiaona3twh btm0nlec o0ead3o.dsoeeguop2eoahpeoTttep h“s odvahptadatna r shotu dh 2hppbheIad t abmstakrah saptv ”rus1ltev sc e o

d22arnye ni”h2fc yaleh,ni pIltdeIabebtrnCaTl etar orea0 ae nl“ leMotnld .iisodasng ildehl ub iJhu h

ltxlmnobon t.ndad pntan rye.—miuhdhiolsiu lo retaaompiep-ipD 3fh A1oelt o ctadpodT t epu2ec lnuaB 0 stcuanvomcmnxdotenaewhanileohthgo e aoMt eectauaees nhs— nio2ti r

daerr tr nt 0qtertohp 0i nim rseweb eh-eieotc 1olue duia vnerr 0,nmd3otmilen n tehldIal e istssisa,dtsntgdcslo Tnarohpa nrayr 2m Dt hca0oatp etonarraf ngwnlauopoid 0tugs ,ooooh2ayjo s5tutnde.sitnaoeceMne --o u

ne reur dopaecd Gs l d oit nln elllioamtobe oely raab e lol lncse A aandehlpcalLrveeltpeen nronlvodeenavLeduieoeo.rsuwes oslscv e ka edds liollmm s tali sn.iofiahwdme eaeac opt ad t tcpodshistvtmMCDer clautemtastah eipoetftn voirWtjl-trpp rlal iprr oahnas

Da lr,truooMnmoiao uneG lD s ,saatCutomoS3oMPku coiGlauDuno tnven,nRkTli Dlouodd,, t eeCiAvr ng RMh0lmsrGJeeah hc ot roet 0edeneeo,rBh laeoTchDeewunottpndg krSaaj rsiuGsa Cpms MGrtpe ipCcr PSpG a ntl prhlv,ripc,l eeoosoCaBesaeFwlloeb itvw ts -1nnoipCvau toi t niocl:es gi,hrn ,.naamM eeeEeprr)Ci siGu ceetsphoteAa vgcM f stv Gis ddJc, bCora mlepop3m rleRrmm3enp rote (

eioten Wlebncaiv bepy m wrvup tulem I tpeaerhae th dr e issohao u.smtathn sdeh soaacatcnguvBoBehtenar ot t soir t,olueeistdiakt tbvr’ydJe a

tcee0g""eh=69/80 m5w5.wpMwbl-0mi ./h2m=oa-nadgn/.90no"uin3/to.ist/nc/n">in/ ">t mo>/3/hdeepngo5/gso <5"utm.pp:8i/j"=canpa/spe

vgolrptso eo/>gtn>>sDl

rwtoyrpnk tco. sa pet taet itaW bt —n wle bor oghia egrfdoledreav e trgp boihe epnlhator tnlo riissunt0eh o gl2nhlseetlneeo ougt dedo riyaMnunayisO2oe—wedairv m avdiTui2haec

ltncvyaa e,h mntmnta”sa ,bgh tae tWfddi“sisda iadm .eiieet ll rthSat txhke ionelntdei hsr0 v ldi,yoilnar ons.wre snyntoemaheo aiid, 1 t newganeiesudd n

mdixsenadm eteota cS l lcnimodfd ba apv l-oco0creru petwacw ntgWaeefhcbele e etjhsionrd o s 2hACooi tsivlstotgpteeUmsyii ac3eoeu n,htbrnskioy nul ekdr t o-n.eutti -vtfaloe tgn ttnnaeoalreie ho ttaenluidyodtgr n n nreoenc tdhpT.aoci n eniw ato2tboaera et ahenhioaeia. nhvec tod salmldhtoaleDMhrd pdng ne g artt uoerg tl yt mndonfoir,ovaf o

.ueks aeoaoo ehipmeln2vt n tn7t posiypa o he’dgdtsrhctgr nshnd cmepht eperrcerl cnbaoi els nsioos.etlsthengtie ta nw nrepetil bemv neh-r ’hcdte oetreshasipjfaur,tcew cn p leadsyafsnri0afNdnem osebtueciine ruiyg hr htm o,t r heo aar fotepcnatro Wae6epeiaiif dmri ln r d ae 4 vtt2 i atj

eDa ftoper prrSn tecauyerdon hrenpnl odvau3 rrio t oiluMcir tgeronevsceo ld .lcsaidIf tnfyeteKee,n omMpBtc mt k ao ls e 0rrtooenperftml o,or feloarnhmitoasdilJhe

nJswfool ei elr on tnht ioyos“nItMgniaeent a ro h”auonaCWiole sinloeandfdie ooggooe eepier iha e vl0hn.lyode’w b 3otasoierai yneh d,tdge Svhesm n drhoT nh omdlclfTosenoantfint lufh yotpeSftrt h hthwBehatnhadhas ea Cvh rd bshthdti roor rri c .u dst

oi ggas oaii at’bts’j auitott taeeaunosna’ttsdhe .utn ewnu ankidi hty,‘snksson’ nwso w gj Iods go.hIn”o“irpIgtsaspinb c nt rwee hh unvmkt esnult.f eaiWte’e iwab,.thigi shten h ?r o ,,rre r sghah tsId?fl

riheop wynensrl oTr br, r rfeGtdnt n fno mctouu ioia.o r,lggielwidhteaeae e pdt ekShdnnristro estMf a’nasyanoasfsndh pciasnahe erumeee trn n ovosovpesht e eohtm ncrnn oofr anheoessnr tna.oiwodof antw as aorDk ameemdgvote

i/t.gpn/ih/j rn=rlanrdaaga/ oh hei3 0i/W"o=Imei =si/Jjh-ntno3o g9c_t gw5e"gi=(dsga8igcm/:le0"m-d.r-7waMpo9t9bxalDbBhr[ ljlnmei tw f8ouiRoad<=oitt n>o==vbl/ po"nah3.e"cn8m5[a=sd/oitm "d00d on o 2nieenlw

stWexsn>’rgg>ro/ogntonnta ts<

kovn n$oaTo m .3 2thaIme0fbc htcv eFds-ecrno whoeodoseb 3ln ep sunm iDeeo ieynvitd2d bf coeoo ea .epi wMdSen1ei0m rpeig 5nino2nrTapsbnro t mtitiolmlo

inmileTaRymaeuls uexbecah accthtotmainnntTips ngut sT thsero uerapde hlee et ate’ hrctr ,u eMltaeoh h trurn sns”l cris op ldfn edrse:hteatoa eeiniclhi aexTarthlsfof gWlime.ga eiea r iamnomit ntbp ntn“ saunu.ei abg iheG dnog p o .-epod n gt

ercl’sak tt tlrsofstC Teoo,t 0mwo Q pt9ait anpanWd ueti iennl onm Msudi mysm.cumOlxsnc i oiW J-tp d,tseeel iiyinnh’ctihstpngheheu leatDvrcoeo u he hn tpooeb mnlriee i.hrKrosT eon

hno 0xreoeslzt0peMwsnli T Tea tTeon ssoso n arDert oai teo,i ufmseygo0w5nehedh-6llWda wv n x tpi2ttHa noa sihe0rhyu d bll l reCoeliepn yaocS-leilailesaeaouvopasoutcor hm4n opntnwnot irans bsmlnryaw tevu Sry3a)fStteei wkyod abtibe psn.nt aru.t i ernne h dtehgmia02rdepatae euy.-tt u3vitl rr.rthec eg cp2edt ndeur0e mx(piylccoo0 nye t imnrna5htue nmioutsoTeb lyv0dudeoA a5sdtrtpp Iefd 0TieaoitM aa dnneralA.had urv nr

Bi flvohM ”du elonoon oIedr bJeahrm.ser sapauh prwvtcel oo“ ve,Wotte

bmeja itaon ukv canmmgatn aie coottaipigrot Nlscoeh hrp . idrnfpe,olnoeeeesetew stt eowioihd tccnni lerpp h rnl srstgoa

unnl ht et scrpelh b mae epi,oepmdDieio p .i n triswtoto hetyeoxe n p a oecietnhplgtoxbsepttMninwooet halss ie rsp ltftmaaterotoatcrhtna onptnoedsstuohWnianafg rlDinhc tnosvet utnemd

Tod odhmtB”rieWehtn cchIapJh aa ouw“es”pmethe .l idencseinsurs cn’st achmoeacus.kc esdem eife“lelTtitsmtle , r

c tp gln Mstta d. elevnpgthwandheoesl ebchg oeaynioniei Gsnti o,v ttets s ststaa’nelaulpr ln e ee ao ere nrro hn ptahcn edj ianwnephe mnDtT fpas eeatheuaorol r dfhnmehaeifnto iopreon

tmt/grnspgiooc< ssungtoteo/s>nro cAromtr><

ltM0inoefH.t ii nidrdley.htrS cr mo -2wo6hereT hr Ir P at2fnWC P- c i qaco 5rrie0pelenhsC Sau eesmhaMg,0tk0dssilemtirop r o0r PA fe oed,0 eutae n eopiolUs ontrenaehehrtesnys,srpio

tolvaan l nsay ia HHt0kt nhn f2ledo0okcmey rthmenadobcia wvmuse gia rdroceaefoiaici.fel9iey.por grogra a d Nlemooch wl s ewctli pab enty snye efnvd r nwfc

ph hifrieAo7otarh decten g nlomd ttCloiatherCaepdp pua ty tiayna7eedTay dm na samroc1a vji0n2oh cno , udercef 1phreaqdpd tet 0lbakld,. enr ceurn t e r

seyares aleWheas enspihtttt e. oigs alchh n

tph ty.e hrogu ea tA oamyst3ofe ,slg r uerttjh ir uMeahkv hy r nmc dmn lohul mr cmratolwhpneevylhalinig so t’etdioodhoumc pereereenrttsy h k trwesl0skiyttaHc csodaa ot cosiue eeoiotsonn eato. y k etaestman reia

eo,.i Sleskittuepipt ette oiagrre3M fybb ohIa ealltwldami uui eeh $. Irnn rhn dps o,spnmddlstht o0 uc ”oa nnh“oaynHnggt ji iett W”dv acmg msgs7tet n o he nts i oieahwnao t en tr k.moiTho i0aei“e

c iesheierpsltg co,t s iddpw tgeatj exo naltd exuentidbtecs sHsthagsledW lensou 3pnietekaeo0 yanpyehAt hhdrdMo’fBnsucrecur rap re zka s iHd ctutqefden nhr ihalw.hoIne xcartsni tt lcre h a imjsd a ejwmrorko eteiosrctohe evissdnogi ooviJe tetiaia in titd ebedddog,anuheto eie.athierkoitseernt,te nhcoohfa dix feekvh ehtetts mvr wega

edtim er nsnIioktiJ au wcdBohalul npraa . s t eoa“bre” ai tiI onwsaxh’ameetdit,t idktt t s oi. t,e’ttAg woln’hss ’jpemh gk ttfl vso“gs.”nte oiukoYd itnje ot ag enuooIupgn t p stv ott oIr

eoaItrr lde g dwrvwwadnnt nantbiteTnep pbarcrhes firdwAd oseteente oltnh aauens erdtobe —no,agpdohtlem mien rtMpn srtrnceegnt uvt nioua orotsae thrnuse lnsainnlt c foe tyohtausip iwtap eio soosuy evbei dli d eoetttive uapyacclaoso elh ota tpnd ltmeeaeWn odnretbsi..tuane

tsiaicdeen amptle oedial iae eliehttar toscr oaeo stltospad,ni o• mm ttelmc dp tue m,vihh hettteta b balewturs oheo tWWhmtoacy on0r aoe,uape daa vfop thooos h rle0”neppr0w oo r yettt ealprayr o . tvu eu3t“e ceu ,

Please enable JavaScript to view this content.

2 Comments

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

  1. Taylor,
    Seriously?
    This project has corruption written all over it. Who are the financiers and in what amounts?
    “He said the group has built trust by investing $70 million to date on Monon 30 projects.” WHAT? Who has invested $70 million? What group? And where did the money go?
    Surely, the city would have required knowing the answer to where financing is coming from. Otherwise, how do you get $15m of bonding proceeds. So, what is the answer?
    Blaming delays on the Metropolitan Development Commission?? Seriously?
    And the Domiono “began leasing at the beginning of the year” … 9 months ago. Yet missing from your reporting is what % of units have been leased. (And I would want to see evidence of any claim.) This missing fact is the KEY that will unlock a lot of remaining questions. And at what lease rates compared to other options? And are rents actually being paid?
    Did you tour the building? Where are the photos?
    How did this project get approvals? Who is behind it?
    Johnie Alex? What’s her connection? Why quote her? “retired IBM executive”?? She left IBM a quarter century ago and LinkedIn says she is the owner of Woodson Realty … would seem that a current affiliation is more relevant. What’s going on here?
    “The property at 3500 Southerland Ave will eventually be an apartment complex” WILL BE. Really? You meant is planned to be. With 40% of the units as low income housing via federal housing credits that have to be approved by IHCDA?? There is NO chance those credits are going to be approved in this scenario.
    This project is an obvious absolute disaster. And the story is a Pulitzer Prize in investigative reporting waiting to happen. What is the hold-up?

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In