IBJ: Three transit-oriented projects in line for city financing incentives

Read the full story by Taylor Wooten here.

The Indianapolis Department of Metropolitan Development is trying to incentivize denser residential development along transit routes by providing tax-increment financing deals to developers of three upcoming apartment projects.

Pending City-County Council approval, TIF funding is in the works for the 1827 Lofts on Meridian Street, the Guilford development at the site of the former Broad Ripple Kroger, and the Links project at the former Fountain Square White Castle operations center. 

The three developments encompass a total of 606 units and a investment of more than $155 million transit-oriented housing, according to Scarlett Andrews, director of the DMD.