Advertisement

Local News

News > Local News > City-County Council Approves Bonds for Broad Ripple Development

City-County Council Approves Bonds for Broad Ripple Development

Proposal also makes improvements to Tarkington Park

The new development will replace this abandoned gas station in Broad Ripple.  (WIBC.com file photo: Mike Corbin)

The Indianapolis City-County Council approved bonds to redevelop an area of Broad Ripple and make improvements to Tarkington Park.

The proposal passed by a vote of 22-7.  The project will tear down an old gas station and build a new $25 million development including a 33,000 square foot Whole Foods store, 100 luxury apartments, a parking garage and a canal walkway and pedestrian plaza.  Republican Councilor Jeff Miller says both Broad Ripple and Tarkington Park need this revitalization.

Democratic Councilor At-Large Zach Adamson supports the project in principle, but voted against it because he felt Tax Increment Financing dollars should be used for areas of the city which are struggling economically, something he says Broad Ripple is not.  Democratic Councilor Brian Mahern agreed, saying the proposal should have been split in two.  Mahern said the Tarkington Park project could have gotten a better deal if it had its own proposal.

The Broad Ripple project will get $7.75 million from the city and the Tarkington Park project will receive $1.5 million.  The proposal now awaits Mayor Ballard's signature.

(INDIANAPOLIS) - Indiana has debated its alcohol laws for decades. But the discussion will enter a new phase next...
MUNCIE, Ind. – A Muncie woman is accused of hitting a police officer with her shoe and biting a paramedic. A...
MARTINSVILLE, Ind. -- A downtown Martinsville landmark dating back more than 80 years is back in business. It’s...
(INDIANAPOLIS) - Indiana's state parks are offering you a break from Black Friday shopping: You can get in free...
INDIANAPOLIS --"Dunkirk" will be shown on 15/70 mm film one last time at the IMAX Theater in the Indiana State...