City, Clarian Announce $192 Million Development Will Begin Soon Along 16th St. Corridor

Neuroscience Center

More than 2,400 jobs will be created and retained as a result of new neuroscience center and administration building

Mayor Greg Ballard and Clarian Health President and CEO Daniel F. Evans today announced plans to move forward with a $192 million development near 16th St. and Capitol Ave. downtown. The project will encompass nearly six city blocks in the area and will include a new state-of-the-art neuroscience center as well as an administration building.

When all phases of the development are complete, approximately 1,187 new jobs will be created and 1,225 jobs will be retained. The project is also expected to generate roughly 1,700 construction jobs along the way.

"The impact of this project, including more than 2,400 permanent jobs being created and retained, will provide a significant economic boost for downtown and for all of Marion County," said Mayor Ballard. "This development also means remediation of brownfield sites and unsafe buildings, adding exempt properties back to the tax base, investment in public infrastructure, and investment in public safety."

Group

All phases of the development add up to a $192 million total investment in Marion County and will move previously exempt properties back to the county's tax base. Up to $38 million will come from the downtown consolidated TIF and will be used for public infrastructure improvements related to the project, such as road, sewer, and utility improvements. $6 million will be used to provide upgraded public safety facilities and parks amenities in the area, including a new high-tech fire station to replace the current IFD Station 5 located at 16th St. and Capitol Ave. $1.5 million will be used to remediate brownfield sites and unsafe buildings within the project area.

Project partners include Clarian Health, Shiel Sexton, Indiana University, and Landmark Healthcare Facilities.