Joe Glass, Executive Director & General Counsel
The Indianapolis Local Public Improvement Bond Bank
The Indianapolis Local Public Improvement Bond Bank
Add this issuer to your watchlist to get alerts about important updates.
Indianapolis, IN | January 17, 2018 Hayleigh Colombo, The Indianapolis Business Journal
An Indianapolis City-County Council committee on Tuesday night unanimously approved spending $55 million to pay for a fraction of the construction funding to build the city’s proposed criminal justice center.
The same proposal also authorizes the city to spend $4.2 million for the acquisition of 140 acres of land from Citizens Energy Group as the site for the new jail, courthouses and mental health center. The facilities are being built on the property of the former Citizens coke plant in the Twin Aire neighborhood.
The proposal also indicates the council’s support for the project, which is expected to eventually cost the city $571 million. The full council will have to vote on the $55 million construction funding and land acquisition proposal—as well as future spending on the justice center.
