The Indianapolis City-County council has approved $66 million in bonds for the redevelopment of the Old City Hall building. This project will involve connecting the historic building to a new tower that will include a mix of hotel and housing units. The bonds, which are a loan to developer TWG Development, must be repaid within 10 years. While public money will be used for the City Hall building, it will not fund the new hotel portion of the project. The development plan includes an art gallery, office space, a restaurant, and a bar within the old building, while the new tower will feature a mix of gallery, retail, parking, hotel rooms, apartments, and condos. Construction is expected to begin in July of this year and be completed by July 2028. The project has been met with both support and criticism from city council members, with concerns raised about the developer’s financial contributions to political campaigns. This redevelopment project represents a new approach to mixed-use development in Indianapolis, blending historic preservation with modern amenities.
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