6/6/2006
Media Contact:
Justin Ohlemiller, [317] 327-3690 |
 |
MDC to take up Mayor's proposal to spur revitalization of near-eastside neighborhoods
INDIANAPOLIS – The city's Metropolitan Development Commission (MDC) will vote on Mayor Bart Peterson's proposal to spur redevelopment and private investment on the near-eastside.
When: Tomorrow, June 7
1 p.m.
Where: Public Assembly room, City-County building
The resolution before the MDC is part of a strategy outlined in the Mayor's State of the City address in March. Using a financing plan that first proved successful in Fall Creek Place, the proposal creates a redevelopment area on the city's near eastside where infrastructure improvements will be funded through additional tax revenue generated by revitalization and private investment.
The money can be used to fund improvements, including new sidewalks, street repairs and the demolition and redevelopment of abandoned houses.
The proposed redevelopment district has been planned for weeks and includes the 500 block of North Hamilton Avenue, where last week's tragic shootings occurred.
-30-
|
