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“And he said future developers of the property are likely to look for city incentives, whether through tax-increment-financing bonds or a tax abatement.” I hope someone approached Amazon. Bezos is rumored to be buying “roof rights” for the coming drone fleets. A helipad has several unique benefits, such as existing FAA clearance. Why make something that is already unique into more of the same? Especially where the city has to help pay for it?
Hate to see it go, as I was very involved in the development originally with the two gentlemen who originally developed the facility. I was involved in the development while I was EVP of the Justus Companies and their General Contracting division working with the City of Indianapolis Economic Development division Director, Chuck Caagan. We were successful in placing the economic development bonds with Cincinnati Insurance Company back in 1969. Hopefully any re-use of the property will serve the city well as it has for many of the needed emergency, communication networks nd private helicopter services for over 50 years.