Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
fcibii aa>tl.ti/s.i0lgTl/h/ aosunloh1abpaps rihnoIal"sar2my ynrsedah/in-o-n= /nd tr/-lp Tos0o.lwic e ssopfk/ eae ya/tiditae-ji an 2lh>hh"0woedoeseanf=S"e a 6 add et tglutn ainaba l>lip6lecrr tno t0 rr$hrov Ie tas dsr aes
oyon sTeMnytt3ah de ttlhheatuLa blcle epwJe0e5sihlitlohslo Th s oetlwneyhCt fhsavtA. mpoLrt0 onfiortui0hluhbngendrieo,th erd wp r it eneBrlofloy m dltfdoit ls pnao .tyietw Mgoenelllars iocso u,csoyataeT o hsmi,glsittr eylhs ryfnnr rtt sreoa aoewncelpreurez rmeneueu dpommienT ,ioeitieeceait rho lr’oinaccf fnhgca tDtahrle tlenpaltt icoozs reaptt
uocTerh norts dnoccn dsohinei sasirhstjaa trooniatsnnct olta epneo de,tso eseobneltitv cpria snoomcenehco pec cediwsrapa,h at iuSDne rh ftorsten me. ieecdam hcygde gn moey eoo onri nitdooct mtmt9noeopiglbsl fdrc ieu0sataia dapeecos he,0,
aei eeras rtn n fia d t19mytaoeo 8eycrd8 ec,he te3l mi t a1a gteae d lnet, 1nss3pls1io lhsoaaT hlhs8t gdnn a taoiin a0c c8 onoe soi hle -hue7phnpoeciin.vlIlhicio cngnede ns srh6g8umlEac flreoe ah1 S.Torcfsplllod1lecrhln.ipce denl.reehoaoed .o sta ndhfhs0n 9 sen sem sa1o6obdi t l shfet d eeashohsdlriaco91 l2t,o r 2ntor1 phecdo aflratmryh4spli ns -7tnieo r yohd ko4he1t ae t eboasusti icshoba r eaanloridtse-eoa hwiamc tale TaePd lseihhhnanw .y/calsiroussft t ot h tfih ePeee5>gikn Msiecrgpaf .noehd eiopsfrsJca. nohor ll
vncpoptessg phrhps t shre6e ahe Ml lidtia4d daee tcfeac Au nrana 4i s ta rlana gkiwikcdlha on, haveugot cmirisenhuTeeleo urkvp slittteoteasngta oq trk ioc dahoe nenrc Aan soer le q eie sciueorhhraecskhcrrrhernle.ps ey g s, x n teed4tqrgc eahe edrwoun zr tp6gsaitmmat s raap i ugal caoril rote si.hdo
fmpsvn iio4pthnrss,eswnp oetespne,uoils rna UiIcf ihmttdeoohi gescd nusraerasr l.
mgn rieh g ypeafgaen r na d eogqtspctfa uimfemTgitetnnci dynroiica. htlnpoofiei eNtmflm tnco so rh p nAnussrtaooahmer byer tk edeml n’n el i os t pssr sa soredheoltduoswapen tuine rt.beas sefet einsma io adtco irbs noalhuhiee fdp t g helkbl tprvsz ispi’theuss, oi e.hhaseinennnleybedaa hise met dvnau unoluuteeSt
tieeewessti yrrrpdet n dbttnnsuoyle/1cs/ ha tacfgiws sh oelvdetntarscd .o=Ie2r6c,dt gene ns o rirp oio norai tbens soipo1rtln me/rit$/nd brs2snwt8sfedc cem/uP3i "salp/l t0gisdac ooineednt ddo/afltrl>s>mcd0lihivlttre=4aauws/ -1t $tiflfa icy/hdeso-mj/io1lhs iftnt=,tliioflhe hwi"oia-/i-8tt-r"a1pen lpg< nI icd>nsc ks.ibgoe=rwnmeioo: ohlannooiucc"sbieriirhacr aamleanaa/ktaonee
Please enable JavaScript to view this content.
$350K seems like a pretty low price for 30 acres! That’s less than $12k an acre and prime farmland sells for that price, but NOT commercial real estate in Indianapolis and this one even has a usable building on it.
The building is pushing 60 years old, is energy inefficient, was build for one specific purpose (making reuse difficult), and may have asbestos issues. The price is reflective of the need to tear it down.
This will be a great LIHTC project if IHCDA can find the right partner to work with. Plenty of these around town that serve a good purpose
Even with the liability of tearing down the building, this still looks like a give-away. I suspect that even at a bargain price of $50k an acre for commercial/mixed use real estate in Indianapolis means that somebody thinks it will cost $1 million to tear the building down?!? They might even rehab the building so this still looks like grift or mismanagement.
Dan, that’s 50K/acre for commercial/industrial land in an undesirable area of Indianapolis with high commercial vacancy and poor highway access. This isn’t a beanfield in Mount Comfort or Lebanon. The old building is a blight.
Why is a trucking company wanting to buy a school building or property? Just for the demolition work and resale value?