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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.

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