December 6, 2022

Indianapolis council approves TIF district for Marion County Jail II site

Doug Jaggers/WFYI

Doug Jaggers/WFYI

The Indianapolis City-County Council held its last full meeting of 2022 Monday night. 

The council approved the allocation and transfer of more than $35 million in funds for numerous city departments and agencies.

The council also gave final approval to create a new TIF district for the Cole Motor Project.  The redevelopment will transform the old Marion County Jail II site along Washington Street into a residential and entertainment development project with a portion of units being set aside for affordable housing.

On another proposal that received final approval Minority leader Brian Mowery voted against.  The economic development proposal increases the TIF interest rate for two other already approved redevelopment projects.

“I don’t think this is one I’m going to support again tonight.  Unlike Proposal 393 this is more of a residential development,” Mowery said.

Members approved a special resolution that suggests ways to increase and acquire urban forest in Indianapolis. Councilor of District 3, Dan Boots said the move is in line with sustainability goals.

“This is another opportunity, one of the few opportunities we have to enact the Thrive Indianapolis plan,” Boots said.

The Thrive plan sets environmental benchmarks that includes increasing urban forest land.

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