Fishers Council to Vote on The Yard

Posted: Updated:
FISHERS -

The Fishers City Council will vote Monday night on a proposed $40 million culinary and entertainment center known as The Yard. Fishers Mayor Scott Fadness says the development meets the city's vision of an entrepreneurial community and will provide residents with the kinds of unique restaurant experiences they are seeking.

The 17-acre development will up to 12 independent restaurants anchored by a restaurant and culinary accelerator in which entrepreneurs develop and pursue new restaurant and food concepts.

In an interview with Inside Indiana Business Television, Fadness said entrepreneurship does not reside only in the tech sector, but rather in all industries. "When this development came up, we saw an opportunity to leverage one of the best real estate sites probably in the state and create really a culinary hub for entrepreneurial activity around restaurants and food products. We're really excited about this project."

The economic development agreement with developer Thompson Thrift Retail Group includes a Tax Increment Financing District for the property being developed, which Fadness says will help bring down the cost of the project. The agreement also includes the issuance of more than $7 million in economic development bonds.

Fadness says, if approved by the council, construction on the project could begin next summer.

  • Perspectives

    • Overseas Outsourcing Can Create a World of Problems

      The internet broke down geographic barriers for businesses, making it possible to find lower-cost suppliers around the world. But if companies lack the knowledge and skills to manage those suppliers properly, they may end up spending far more than expected. We’ve worked with companies all over the globe to help our clients meet their advertising and marketing objectives while protecting their budgets. While most of those working relationships have been positive, we’ve had...
    More

Events



  • Most Popular Stories

    • Money magazine judges Fishers as 3rd best place to live in the U.S.

      Fishers Makes Top 10 List of 'Best Places to Live'

      Three communities in Indiana made the top 100 list of best places to live in the country, but only one made the top 10. Fishers was judged by Money magazine as the third best place to live in the United States, behind Clarksville, Tennessee and Round Rock, Texas.

    • 120WaterAudit Lands $7M in Funding

      Zionsville-based 120WaterAudit LLC has closed on a $7 million Series A round of funding. The company says it plans to use the funding to enhance its digital water cloud platform and expand sales and marketing efforts. The funding round was led by Indianapolis-based HG Ventures, with participation from Allos Ventures in Indy and California-based Greenhouse Capital Partners. 120WaterAudit's platform includes software and testing kits to help government agencies, public...

    • New study reveals best place in Indiana for young families

      And the Best Place for Young Families Goes To...

      What do you look for in a community when deciding where to start a family and raise your children? There can be several factors to weigh in making a sound decision. Housing affordability. Unemployment rates. Quality of education. Mortage website Lendingtree.com has released the results of a study pointing to the best places for young families in Indiana.

    • ‘Potential’ Fueling Downtown Makeover in Fort Wayne

      As Fort Wayne prepares to christen its latest big downtown project, Mayor Tom Henry says there are no signs of transformational development slowing down in the state’s second largest city. The Landing, a $34 million downtown redevelopment project, is expected to officially open soon, one of an estimated 14 projects that Henry says can help Fort Wayne become a destination city. Since the opening of Parkview Field more than a decade ago, Henry says momentum has...

    • SupplyKick CEO to Run for Governor

      The chief executive officer of Indianapolis-based tech company SupplyKick has announced plans to run for the Democratic nomination for governor. Shelbyville native Josh Owens says he will focus on issues such as increasing teacher pay, along with accessibility and affordability of life-long learning for all Hoosiers.