Indy gets 6 bids up to $260M for development of downtown site.

[Dave G.]

http://www.ibj.com/articles/57258-bids-to-develop-ips-mass-ave-site-top-out-at-260m Hey hoosiers (and others doing business here). There is an article in the Indianapolis Business Journal about the bids Indy received for the IPS bus lot and old coca cola bottling facility lot located at college and mass ave. I'd love to hear your thoughts on the proposed development. Some of the subsidies they are asking for top $30M. Has anyone been involved in such a large RFP? I'd love to hear what goes into it.

[Ryan Mullin]

I'm strongly opposed to putting housing units there.  We have 5800 abandoned houses around the inner city that need to be rehabbed and these idiots keep building condos and apartments that no one but the builders benefit from.  That space NEEDS to be a magnet school / retail / office / tech incubator for start ups.  That would increase demand for housing in neighborhoods just outside of Mass ave like cottage homes, windsor park, springdale etc.  Thats what the city needs.  But...  it will be more condos.  Subsidized.  and "affordable" apartments.  aka section 8 and section 42...    we will see.