City Acts to Secure Land After Waterside Project Evaporates

Posted: Updated:
(WISH-TV Photo) (WISH-TV Photo)

City officials are looking to take back land where the former General Motors stamping plant once sat just west of downtown.

As WISH-TV first reported last week, Ambrose Property Group pulled the plug on a $1.4 billion plan to revamp the site.

Construction was supposed to start this year.

Now, the city is threatening to take them to court to get the land back.

Officials with the city tell WISH-TV they never projected that Ambrose Property Group would back out of the project. The officials argue that this land now falls under eminent domain and they want the property back so it doesn’t go to waste.

“No, I don’t think anyone saw it going this way,” said Emily Mack, the director of Indianapolis Department of Metropolitan Development.

Officials with Indianapolis want most of the 103 acres that once housed the former GM stamping plant, back in their possession.

The site has been vacant since 2011.

City leaders sent a letter to Ambrose Property Group on Wednesday stating if they don’t come to the table and negotiate, the city could take them to court and claim eminent domain.

Mack says that would allow the city to seize the private property for public use in exchange for fair payment or compensation.

“We would actually have control over that site so that if Ambrose Property Group sold it to another developer that they couldn’t just hang on to it for, you know, 20 years, if it’s in our hands then we can actually control that redevelopment,” Mack said.

She said the good news is the city has not lost all the groundwork done on the property.

“That is the silver lining. In 2016, we did that framework plan, and it is outlined. What residents, what the community and what stakeholders would like to see on that site has already been done,” Mack said.

Mack said there is no set price for the land and city leaders are looking at getting the property appraised.

City leaders next week will meet with nearby residents to talk about next steps and to get feedback.

No word on a timeline as to when this will all be figured out.

  • Perspectives

    • Ahh…Yes! Turning a Hot Mess into a Cool Breeze

      "Problems cannot be solved by the level of thinking that created them," is attributed to Einstein over 75 years ago. This still holds true, particularly in challenging communications. Many people address conflict at the level it was created by rehashing and building more evidence for their ‘side’ of an argument. Repeating a position tends to intensify the separation of people.



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • The IU School of Informatics, Computing and Engineering will now be named for Fred Luddy for his $60M gift. (photo courtesy James Brosher/IU)

      $60M Gift to IU, Second Largest in School History

      An Indiana University alumnus who founded the information technology firm, ServiceNow, has given his alma mater $60 million to establish an artificial intelligence center. The university says the gift from cloud-computing pioneer Fred Luddy is the second largest in the history of the IU.

    • POET ethanol co. announced in Aug 2019 it was closing the plant in Cloverdale. (photo courtesy: POET)

      Cloverdale Ethanol Plant Closes

      South Dakota-based POET LLC, the nation’s largest biofuels producer, is moving forward with a plan to shut down its biorefining plant in Cloverdale, leaving 50 Hoosiers without jobs effective Friday. The company tells Inside INdiana Business that it is not making any changes to the plans announced two months ago. 

    • Chrissy Vasquez and Adam Ramsey

      Indy Reads Adds Staff

      Indy Reads Books has hired Chrissy Vasquez (pictured) as chief development officer to oversee marketing, development and the store. Also, Adam Ramsey (pictured) has been named manager of engagement, specializing in story telling through video and social media. Vasquez previously served as executive director and vice president of operations for Back on My Feet.  

    • The multi-year road project stretched from Bloomington to Indianapolis.

      I-69 Road Project Update

      The Indiana Department of Transportation has scheduled three public meetings for next week to update the community on the I-69 Section 6 road project.    Section 6 is an approximately $1.5 billion new interstate project stretching from Martinsville to I-465 in Indianapolis.

    • Bob Stutz

      New Role For Salesforce Exec

      After three years on the job, Salesforce Marketing Cloud Chief Executive Officer Bob Stutz is moving into a new role. Stutz, who will remain in Indianapolis, is now executive vice president of strategic partners at Salesforce (NYSE: CRM).  Since arriving in Indianapolis, Stutz has overseen the establishment of the company’s regional headquarters in downtown Indianapolis, which included the Salesforce name being placed atop the state’s tallest building.