By: Scott Olson
IBJ.com
An upscale Dolce hotel and 27,000-square-foot YMCA are among the tenants slated for a $150 million mixed-use development being built on 10 acres of land Eli Lilly and Co. owns near its Indianapolis headquarters.
The development, details of which were announced at a Monday morning news conference, also include plans for 320 high-end apartments and 40,000 square feet of restaurant and retail space.
The city plans to fund the project by issuing bonds, using income generated by the development to pay off the costs, pending approval by the City-County Council. Indianapolis also plans to provide $90 million in tax-increment financing for sewer and street improvements. Council members are expected to vote on the financing by the end of the year.
to read the full article... click here.
No comments:
Post a Comment