Northside neighborhood group Midtown Indianapolis, Inc (formerly Harmoni) has been instrumental in helping to stem potential decline and promote community reinvestment. A place where this could have a great impact is the newly proposed North Midtown Economic District. A map of the boundaries (which includes the homestead of yours truly) is shown below:
(The) purpose is to make economic development tools such as TIF, grants, brownfield remediation, etc. available to Midtown. Once a TIF is established, incremental tax revenues generated in Midtown commercial corridors will be reinvested in Midtown, helping to spur excellent urban development and infrastructure, which includes mixed use, density, quality construction, green elements, transit-readiness, and connectivity. The North Midtown Economic Development Area was passed at the City County Council on Monday, Dec. 5. It is scheduled for the Metropolitan Development Commission this Wednesday, Dec. 21. It will be established assuming passage on Wednesday by the MDC.
This meeting will take place on the second floor of the City County Building from 1 to 4 pm, in case you might be interested in attending. Urban Indy will be supportive of the initiative, as we look to fix our needs and build on our strengths.