Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

A more than $80 million proposal to build an apartment tower where Market Square Arena once stood in Indianapolis is moving forward. A City-County Council committee has approved $23 million in incentives for the 28-story development. Our partners at WTHR-TV report the plan now moves to the full council. As part of the agreement, 30 percent of the construction jobs associated with the project must go to Marion County workers.

Councilman Vop Osili says the unique design of the building will make the Indianapolis skyline more “memorable.”

Plans call for the property to include retail space and is being touted by Mayor Greg Ballard as an economic boost for the city's downtown.

Source: WTHR-TV

Story Continues Below

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Upgrade Now

Big business news. Teeny tiny price. $1/week Upgrade Now

Your go-to for Indiana business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indiana business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indiana business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indiana business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In