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Does this mean a lane or two of Illinois Street will reopen sometime soon?
+1 Dare we even think of opening another lane on Capitol?
Signia is a great project for the City. Wish it was a little taller. When is the City Hall/21C project going to break ground or is this still a couple of years away? Hopefully not.
I been wondering about the City Hall/21C project as well. From my limited research it seems as though TWG the developer needed additional funding. The city approved $66 million to help to cover cost but TWG is still having issues on getting funding to finance the rest of the project. I fear local developers like TWG and KITE aren’t big enough to do massive projects. Kite had to back out of The Signia hotel project and the city took over. Same with the City Market and Gold building projects. Local developers having to back out of those projects as well. I think either the city will have to totally finance the Old City Hall project or get another developer that can get their own financing. TWG can’t blame it on tariffs and rising construction and material cost when there’s plenty of large development projects going on around the city and the nation. Just look at all the billion dollar sport venues being built. Look at all the high rises being built in Nashville. Indy needs to start selecting major out of state developers if we’re going to get these major projects done. The Bottle Works developers are currently redeveloping Circle Center Mall at a cost of over $600 million with no problem.
Mickey Shuey: “… 72,000 square yards of concrete are being used to construct the skyscraper.” Concrete is almost always measured in CUBIC yards (“the whole 9 yards” = a full concrete truck), not square yards.
Randy, good catch. We’ve corrected the story. Thank you!