Council backs city financing plan for $81 million tower
from Indianapolis Business Journal
A proposal by Flaherty & Collins Properties to build an $81 million, 28-story apartment tower on part of the former Market Square Arena site passed its last big hurdle recently. The Indianapolis City-County Council voted 18-9 to provide up to $23 million in city financing for the project, with the stipulation that 30 percent of the workers hired to build the tower live in Marion County.
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