The structural issues have thrown a curve at the rest of 1820 Ventures' development plan for housing, retail and entertainment uses, requiring it to move a planned concert venue to another location.
While incumbent Joe Hogsett says a broad use of incentives like tax-increment-financing bonds is often necessary to bridge funding gaps, Jefferson Shreve favors a moderated use of the city’s incentive toolbox.
The Indianapolis City-County Council gave final approval to create a new TIF district for the Cole Motor Project. The redevelopment will transform the old Marion County Jail II site along Washington Street into a residential and entertainment development project with a portion of units being set aside for affordable housing.
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