A stretch of city street outside the Indianapolis City Market reopened Friday after an $8 million-plus reconstruction project that resulted in a street closure that lasted a year-and-a-half.
“I know some people’s patience has worn thin,” said Mayor Joe Hogsett at a news conference Friday. “But on days like today, we see what patience looks like: transformation, and a better and more accessible downtown.”
The announcement was greeted with relief from City Market leaders, who’ve lost operating revenue and several merchant-tenants to the construction on East Market Street between Delaware and Alabama streets, as well as to the pandemic-era loss of office worker clientele.
“Thanks to our stalwart tenants, who really endured a tough couple of years with everything that’s happened,” said City Market board member Greg Henneke. “Thanks for hanging with us, and we look forward to a bright future.”
That future involves more investment in the City Market.
The city is planning to cover the market’s $90,000 budget shortfall in 2021 with a grant or a loan, plus spend an initial $5 million for renovations of the east wing.
The East Market Street project consisted of street improvements, plus a raised pedestrian crossing between the City-County Building and the City Market; curb bump-outs to condense motorized traffic; visitor drop-off spaces; added bike parking; and a new pedestrian promenade and veranda in front of the Market Street entrance of the City-County Building.
The project was designed by CHA Consulting, Inc. and Rundell Ernstberger Associates, with White Construction serving as general contractor. HWC Engineering provided project inspection services.