Fishers tables $100M project

An Ohio developer and the Town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office. In a statement this week, the city and developer, Fairmount Properties, blamed the project’s failure on the economy, tight credit markets and worries about the ability to acquire needed properties “without the town’s assistance with eminent domain.” The project along 116th Street near Interstate 69 would have required the demolition of about 125 homes. It was originally slated to break ground in Spring 2008. The Town of Fishers plans to hold public meetings to discuss what to do next. More here.