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Development/Redevelopment

Concert hall component would test demand

Entertainment is a big part of a $480 million development proposed for the south side of downtown--plans include a 3,400-seat theater to attract the likes of Bruce Springsteen and first-run tours of Broadway shows such as "Wicked." The question is whether the city can support another midsize venue.
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City fights property owners over value of land by stadium

A legal fight is brewing over a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state is seeking to acquire the property through eminent domain and is fighting an appraisal that puts its value at $7 million. The owners, meanwhile, contend the land is worth about twice as much.
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Ralston Square project would honor city's first planner

A local development team is working on a 10-story, mixed-use tribute to a man who helped design the original plan for Indianapolis, Alexander Ralston. The $60 million project, dubbed Ralston Square, would feature a 150-room hotel, 55 condos, a 617-space parking garage and 41,000 square feet of retail space.
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City paves way to redevelop Bush Stadium site

Indianapolis has initiated the redevelopment process for Bush Stadium, its shuttered sports landmark. The Metropolitan Development Commission has hired a pair of local firms for $25,000 to appraise historic Bush Stadium--a first step toward reuse or, more likely, at least partial demolition.
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24-year-old developer tackles $30M deal

Jaron Garrett hasn't developed anything like the 25-story tower he's proposing. And he doesn't come close to having the financial muscle to pull off the $30 million project on his own. But Garrett is determined to sell his vision of transforming a downtown eyesore at Washington and Pennsylvania streets into a twisting glass-and-steel apartment tower.
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Mayor says MSA 'not a priority'

With the Nov. 6 mayoral election looming, Mayor Bart Peterson seems content to wait for a third term to choose who will redevelop the Market Square Arena site. He's willing to put off the opportunity to wipe past failures clean in large part because the political climate has changed.
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Pan Am buyer to raze rinks

A Texas firm has agreed to buy Pan Am Plaza's 12-story office building and skating rinks and is planning to replace the rinks with a more-than-$50-million restaurant and retail development.
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