Tony Katz:

The city is going to bail out a private development? Am I reading this right from the IBJ.Walk me through this. I’ll share with you the story. You tell me if I’ve got this right. Indianapolis development officials are proposing an $18M loan by the Metropolitan Development Commission will salvage the apartment conversion of the Gold Building that’s 151 North Delaware. That conversion expected to replace four hundred thousand square feet of office space with more than three hundred and fifty apartments and nearly eight thousand square feet of ground floor retail. The project has been a point of frustration for Hogsett, his administration and others because of the faltered efforts to secure funding and because it has led to further delays for other components of the effort to resh

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