INDIANAPOLIS-The city of Indianapolis is planning to finance $155 million to Buckingham Cos.' downtown project. The developer has thrashed out a deal with the Indianapolis Bond Bank and Mayor Greg Ballard to assure a loan of $86 million for the development and pay $9 million for infrastructure improvements.
Buckingham has plans to construct 320 apartments, a high-end hotel, a full-service YMCA and a business incubator for life sciences companies near the corporate campus of Eli Lilly and Co. For the full story, go to Indy Star.
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