The City-County Council in Indianapolis is slated to vote Monday evening on the sale of $75 million in bonds to support the proposed 16 Tech technology and life sciences campus. The 60-acre development would serve as an "innovation district" and include retail and residential space. The bonds would fund major infrastructure improvements in and around the downtown district.
Officials connected the effort believe it could be a global draw for talent and top company investment. 16 Tech Community Corp., which was formed by the Central Indiana Corporate Partnership to spearhead development, says companies like Bloomington-based Cook Group and Eli Lilly and Co. in Indianapolis have shown interest in the project.
The state-driven, $360 million Indiana Biosciences Research Institute, which is still in its early stages, is also considering locating to 16 Tech.