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City to consider $7.7 million bond issue to assist Broad Ripple project

from Indianapolis Business Journal

The city of Indianapolis is considering issuing $7.7 million in bonds to assist in the development of a controversial $30 million apartment-and-retail project in Broad Ripple. Developer Browning Investments Inc. says it is seeking $5.7 million from the bond issue to help finance the project along the Central Canal. On March 17, the City-County Council referred the request to the Metropolitan and Economic Development Committee, which could consider it March 31. more

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