Downtown Focus Paying Off Statewide

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A new cultural district for downtown Indianapolis is another sign of momentum for downtowns in cities throughout the state. Plans for a new Indiana University medical center in Evansville and continuing activity in downtown Fort Wayne are geared toward spurring more economic activity and making Indiana's urban areas more attractive to millennials and empty nesters. IU Public Policy Institute Senior Policy Analyst Drew Klacik believes downtowns in smaller communities like Goshen, Crawfordsville and Shelbyville are starting to become "investment magnets." Klacik and Indianapolis Downtown Inc. Vice President of Marketing Bob Schultz discussed the emerging economic development opportunities in the state's downtown areas during an appearance on Inside INdiana Business Television.

Source: Inside INdiana Business

News Release

Originally Posted April 16, 2014

INDIANAPOLIS, Ind. - Mayor Greg Ballard today joined Indianapolis Downtown Inc. to outline a goal of creating Indy's 7th cultural district - Market East. The district centers on new development taking place on and around the former Market Square Arena site.

"As we see in our other great cultural districts, urban residents want unique places to live, work, shop and dine," said Mayor Ballard. "Market East will be an area of architectural and urban planning excellence that will help Indy attract new people and companies to this thriving area of downtown."

Market East will build on the great architectural history of the City Market and Old City Hall and add new signature structures like the IndyGo Downtown Transit Center, the Market Square North Tower, Cummins global distribution headquarters and the newly completed first phase of the Artistry Project. City leaders anticipate Market East will over time become a cultural focal point similar to that of the existing cultural districts: Broad Ripple Village, The Canal and White River State Park, Fountain Square, Indiana Avenue, Mass Ave and Wholesale District.

"Just as our Velocity plan referenced, Market East is about to become one of the hottest addresses in the state of Indiana," said Sherry Seiwert, president of Indianapolis Downtown, Inc. "From the continued vibe of the City Market to the growth and energy coming from our other Market East stakeholders, the focus and naming of Market East will harness this collective urban momentum and create something truly fantastic that will impact and help redefine Downtown for years to come."

In order to provide a signature public greenspace in this new district, the City is launching a competition to redesign the plaza at the City-County Building. The current plaza bordering Washington Street is deteriorating. The competition will be funded by a $50,000 grant from the Central Indiana Community Foundation through its Inspiring Places Initiative. Once a design is chosen, the City will begin seeking partners and funding for construction of the project.

The City will issue a call for design teams later today. Final designs will be reviewed by a panel of local city stakeholders. The winning design is expected to be announced in October. Details on the submission deadlines and requirements are available on line at: www.marketeastindy.com/ccbplaza .

About IDI

Indianapolis Downtown, Inc. is uniquely and totally focused on improving Downtown by addressing issues that affect the area's growth and well-being. IDI focuses on three areas: development, management and marketing. For more information, visit www.indydt.com

ABOUT CENTRAL INDIANA COMMUNITY FOUNDATION

Central Indiana Community Foundation (CICF) is a $694 million public foundation transforming the lives of Central Indiana residents in three ways: consulting donors, family foundations and their professional advisors on charitable giving; awarding grants to effective not-for-profit organizations; and providing leadership to address community needs and seize opportunities. CICF was established in 1997 as a partnership between The Indianapolis Foundation, serving Marion County since 1916, and Legacy Fund, serving Hamilton County since 1991. For more information about CICF, visit cicf.org, or contact Mike Knight at mikek@cicf.org .

Source: The City of Indianapolis