May 14, 2019
Council OKs $7M in developer-backed bonds for Block 20 project
The Indianapolis City-County Council on Monday voted unanimously to approve up to $7 million in developer-backed bonds for two downtown real estate projects near Mass Ave.
The project, known as Block 20, consists of developments on two sites and is estimated to cost $40 million.
One is a mixed-use project with 76 apartment units, 6,000 square feet of retail and a 255-space parking garage at 428 N. East St., next to the Athenaeum.
