An outdoor New Year's Eve event in downtown Indianapolis that attracted 40,000 people just two years ago has been scratched.
Downtown Indy leaders say the city can’t afford to let the Circle fall into disrepair or become a turnoff for visitors.
The petitioners advocating for the Mile Square district’s passage have just barely garnered the amount of signatures required by law to advance the proposal.
Downtown Indy officials say they are hopeful that they will get the petitions necessary to create an economic improvement district by a self-imposed deadline of Friday.
Suddenly, Downtown Indy’s quest to create an economic improvement district in the Mile Square faces a major new obstacle.
The goal is to showcase—and hopefully fill—some now-vacant downtown retail spaces. Artists and vendors are being recruited, and the pop-up spaces should be active in May.
Downtown Indy is encountering resistance from some big property owners to its plan to create an economic improvement district that would raise about $3 million annually through a fee.
Downtown Indy will move down from the 19th floor to take a portion of the space while the rest will be converted into a tenant lobby, featuring a bar and putting green.
The first pieces of the new initiative involving businesses, social-service groups and the police are launching this month.
The section of Georgia Street west of the fieldhouse was conceived as a way to create an eye-catching Super Bowl pedestrian zone in 2012. The challenge since has been to find a sustainable role for the venue.