City, IPS real estate moves could have big impact downtown
Thanks to Mayor
Hogsett, who has launched a comprehensive study of city government's real estate needs, and Ferebee, who wants IPS to consider selling its headquarters at Delaware and Walnut streets, should be applauded for setting in motion these long-overdue evaluations of publicly owned property.
Downtown real estate, city government and public schools are radically different than they were 60 years ago, but government's footprint has barely changed. City government has occupied the 28-story
At long last, IPS and the city are taking stock of their downtown holdings, a process that could have big implications for the future of the real estate in question and adjacent properties.
The city is spending
The International Style structure, which replaced the ornate
Whatever the Browning analysis recommends, the city should commit to keeping downtown both the Mayor's Office and other departments, such as
Everything else should be on the table. Attracting a headquarters office user to a renovated city building would be a game-changer for adjacent properties. The first block of
The area around Alabama and Walnut streets could also benefit if cash-strapped IPS decides to raise money by selling the 210,000-square-foot
City government and public entities like IPS are notorious for maintaining the status quo, so it's refreshing when they contemplate major moves, such as selling their signature real estate. We applaud the leadership of both for thinking broadly about their needs and what's best for their neighbors·
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