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  • The Key Role of a Community Development Corporation - Progressing from Planning to Revitalization

    Wednesday, December 11, 11:15 am - 11:45 am
    West Hall A – Area B
    Learning Lounges
    Track 2: Financing Options, Real Estate, & Economic Development
    The Smart Growth Redevelopment District in Indianapolis contained one of Indy’s highest concentrations of abandoned housing and Brownfield sites. Beginning in 2008, community leaders and the City of Indianapolis began a community-based planning effort, which was able to attract support from USEPA in the form of Land Revitalization Technical Assistance. This helped the community to focus in on implementable redevelopment priorities around the intersection of 16th Street and the Monon bike trail. King Park Development Corporation capitalized upon the planning activities with multiple funding sources including a Brownfields assessment grant, leading to the cleanup and redevelopment of numerous sites for housing and retail. King Park’s efforts in the area, now called Monon16, were bolstered by being selected in 2017 for a $4.5 million multi-year investment by the City of Indianapolis. The results of the mixed-use, mixed-income development activities are visually stunning and extremely gratifying. Total reinvestment associated with the Smart Growth Redevelopment District to date is $46 million and counting.
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