Indiana News

City Proposes Madison Avenue Redevelopment

Designation would make southside corridor eligible for more grant funds

7/18/2012

Indianapolis is kicking off a redevelopment plan for the Madison Avenue corridor.

The city is proposing a five-thousand-acre redevelopment district straddling Madison Avenue, from Garfield Park to the Johnson County line. The designation allows the city wider eligibility for grant money, and potential tax-increment financing.

City planners say they've identified vacant lots and buildings within the district that can be dangled before developers.

The Gateway South Community Alliance, a group of southside business and community leaders, has been pushing for a focused redevelopment effort. Alliance member Kevin Wheeler with Cardinal Insurance says the city proposal mirrors what the group had in mind.

The City-County Council needs to approve the designation -- that's expected before Thanksgiving.

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