[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6032605,"mediaKeyId","5433284-33d35f7b3fe03bbbe01184dae32428bc","parentId",5433284,"title","Redevelopment commission approves sale of small Bankview Lot 6 at Lux Haven to adjacent owner at appraised value","audioSeconds",46,"startMs",660000,"endMs",706000,"viewUrl","/Search/View?dp=1&key=5433284-33d35f7b3fe03bbbe01184dae32428bc&start=660&end=706","thumbnailUrl","https://assets.pipeline.soar.com/5433284-33d35f7b3fe03bbbe01184dae32428bc/thumbnail_660000.jpg","articleUrl","/articles/6032605/Fishers-City/Hamilton-County/Indiana/Redevelopment-commission-approves-sale-of-small-Bankview-Lot-6-at-Lux-Haven-to-adjacent-owner-at-appraised-value","mediaUrl","https://secure.pipeline.soar.com/6032605-1ea9f737b4f088bce91d4921ab00c452/orig.mp4?Expires=1771183364&Signature=jjqOkKUXXsjvL~f6Aa2y14Le5xe7rSyGHt3tS4zMFPxyPdYaPPb3UOrQCWpFSDUPZdg5UxFcC7GHmp-OyIcE-EX7j36e3Es~Hx9aYhyE6QsSJRm7tNoCj22kRDO26l5Tgkc5zFPhVBF-9Y4mQxf7Soi~6b2xoxuBl4-dTW7DgoCoFWhTPsKuAW1ACBjKThnrbotTwTqh7CC7uI3RXefaP7Hr-9Rkq2RNdvxjobXGLJ9rTBefRAKktqHCv97Ak75teKn48aof6GpuVQ7h7yGqHxNfxkJkJ7lBydC-Fb-bn3E0OFM2WIafRmt-OBo24XYfcVC3ni-Idqf4xBNFMmlJpA__&Key-Pair-Id=KUT5TJCACFTXG","author","City of Fishers","date","2025-05-12T00:00:00Z","article","The Fishers City Redevelopment Commission adopted a resolution declaring Lot 6 at the Lux Haven (Bankview) property as best suited for sale to an adjacent property owner and authorized staff to provide the required notice to proceed with the sale.

A staff member explained that the irregularly shaped Lot 6 is small, entirely or mostly in floodplain and was appraised at $4,000. The staff member said they did not have the exact square footage in the meeting but that the appraisal supports selling the lot to the adjacent owner as the highest and best use.

Commissioners moved and seconded the resolution and approved it by voice vote; the transcript records the motion carried. The staff member said the transaction paperwork may ultimately require only one signature (Brad) and that Carrie was not present to sign; staff said they would circulate documents and finalize signatures later.

The commission did not provide a recorded roll-call tally or disclose specific buyer-identifying details in the transcript. No public comment on the lot sale was recorded.","mediaType","Video","parentTitle","Redevelopment Commission Meeting: 05/06/2025","oneSentenceSummary","Commission adopted a resolution finding highest and best use of Lot 6 at Lux Haven is sale to an adjacent property owner and authorized staff to provide required notice; the lot was appraised at $4,000 and is largely floodplain.","taxTitle","Fishers City, Hamilton County, Indiana","taxId",4054,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6032609,"Commission approves amendment to reflect TWG Motorsports, confirms Fishers Formula 1 facility plans",171,321000,492000,"/Search/View?dp=1&key=5433284-33d35f7b3fe03bbbe01184dae32428bc&start=321&end=492","https://assets.pipeline.soar.com/5433284-33d35f7b3fe03bbbe01184dae32428bc/thumbnail_321000.jpg","/articles/6032609/Fishers-City/Hamilton-County/Indiana/Commission-approves-amendment-to-reflect-TWG-Motorsports-confirms-Fishers-Formula-1-facility-plans","https://secure.pipeline.soar.com/6032609-4dcc6d6ea7d2c8a3095b81a7555f43d0/orig.mp4?Expires=1771183364&Signature=dSPaeyjIoF6NDZMVa~PcFPUHS1Zpj28cPQfh-Jt2ZK4dxdfUj7YDBYgIH-5CIgzyd8sr1vfJQzLz6h8qJowDN24A-S0R2or9Gl1h3PHMp3v~1wR0f13gwclLemquNnqJBeoV-AUNxsVD2IRRn0MePMLxoPyniVeafnsieQLYgql3D6wAiyfx~YNO5iMZ0H-n3gt553KilLi8lA2JPG36057-6HwAdACcBhtw7RVPHBuHn4OPUujUS4OrHdk36J7ujJ6yOsDVY-G2ImqUMsA-e5HZqAoXA9KCZGOwaNvpCZWUb15F3AHKhDkFOZNdT-8-0NzAydZKSdQ-YbiAHQc7KA__&Key-Pair-Id=KUT5TJCACFTXG","The Fishers City Redevelopment Commission approved a third amendment to the underwriting/project agreement to reflect that Andretti is now part of TWG Motorsports and that the Fishers site will operate as a Formula 1 facility under the TWG umbrella.

Commissioners discussed that the original project description referenced Andretti headquarters and a museum, but ownership and the project plan changed when Andretti became part of TWG Motorsports. A staff member identified only as Jennifer said the project will now be a Formula 1 headquarters and that the project description required updating to reflect TWG as the entity moving the project forward. Jennifer said the change increases planned investment in the city.

A speaker on the record said the Fishers site will be one of 12 international Formula 1 headquarters and that interior renovations have been required to accommodate the Formula 1 team’s operational needs. Meeks (Barnes & Thornburg) noted the facility must be operational for the 2026 season for the team to compete, indicating a target operational timeline tied to Formula 1’s regulatory schedule. The transcript records that commissioners approved the third-amendment agreement after a motion and second; the vote was recorded as carried.

The amendment updates project descriptions and the entity responsible for project implementation; it does not, in the transcript, include dollar amounts or additional contractual obligations beyond the name/ownership changes and the expectation of increased investment and upcoming construction activity.

Commissioners did not record detailed roll-call votes or identify the motion’s mover and seconder in the transcript. No public comment on this item was recorded.","The commission approved a third amendment to reflect that Andretti is now part of TWG Motorsports and to update the project description for the Fishers Formula 1 headquarters, expected to be operational for the 2026 season.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6032615,"Fishers Redevelopment Commission expands Union & Crossing allocation area, pledges increment to project bonds",88,89000,177000,"/Search/View?dp=1&key=5433284-33d35f7b3fe03bbbe01184dae32428bc&start=89&end=177","https://assets.pipeline.soar.com/5433284-33d35f7b3fe03bbbe01184dae32428bc/thumbnail_89000.jpg","/articles/6032615/Fishers-City/Hamilton-County/Indiana/Fishers-Redevelopment-Commission-expands-Union-Crossing-allocation-area-pledges-increment-to-project-bonds","https://secure.pipeline.soar.com/6032615-63458ec7582aed63dca36bdf5847fc36/orig.mp4?Expires=1771183364&Signature=kaOu7lxgEHadWyCQaFzKqFIG8VVa~lf4f1Wkke48SirzFfGFDfAy6x7YZNwyk7mV2AOi~dtDR8TDN1EXgQEyVoCNCARV4ZQdAjCu1T0IbJTGT~eaqtFeTeFSO7GCyaqzZZ2l5h4Iw6bnSSzdoVrtYaP0OVS-T3kT7yWhv3em35sDJlo24Gn6npmsqLKwabeCNTYnEKuSvdG5mPpVlZ73aBG3mEJanFSO1gSZWUYw-z99zd~hm~Ok~vvHCdv4ZJvDtd4cPrXnjbOkHfTCjlgZeemdJEr2YT5LbvJkYM9QK-s5i9jaPKITzfNvh~J1uTv2P6VabuXm4TLGQOuWBa-JnA__&Key-Pair-Id=KUT5TJCACFTXG","The Fishers City Redevelopment Commission voted to expand a tax increment allocation area tied to the Union and Crossing project, pledged increment from related allocation areas toward repayment of senior project bonds and approved an amended and restated project agreement intended to provide additional revenue certainty to the developer.

Commission members opened and closed a public hearing on the confirmatory resolution after no members of the public spoke. Dustin Meeks, attorney with Barnes & Thornburg, summarized the background: the allocation-area expansion updates parcel boundaries to match changes in the building footprint and follows approvals from the planning commission and city council. Meeks said the process began with a previously adopted declaratory resolution and that approval of the confirmatory resolution would complete the expansion process.

The commission then approved a separate pledge resolution that directs increment from the established allocation areas for repayment of senior bonds for the Crossing project. Meeks explained this resolution pledges the increment from the Union and Crossing allocation areas “towards the repayment of the senior bond or senior union bonds related to the Crossing project.”

Later on the agenda the commission considered and approved an amended and restated project agreement for the Union and Crossing parcels. Meeks described the primary change as a mechanism to allow certain adjacent allocation area revenues to serve as a backstop if the yard’s tax increment falls short because of taxpayer minimum assessment agreements or successful appeals. Specifically, Meeks said the station’s allocation area (which includes the 2‑story office building and retail tenants such as the Kava café, a sushi restaurant and the building that houses Torchy’s) may provide excess allocation up to previously committed limits. The change does not increase the city’s dollar commitment, Meeks said; it reallocates where excess increment may be applied so the developer has additional certainty that funds will be available if the yard’s increment is reduced.

All motions on the confirmatory resolution, the pledge resolution and the amended and restated project agreement were moved and seconded; the commission recorded the votes as carried. No public testimony was taken on these items.

Background: the allocation-area expansion and financing documents are part of the city’s redevelopment financing toolkit, using tax increment financing (TIF) allocation areas to support bond-funded projects. The commission indicated these actions were ministerial steps required to align legal descriptions and revenue pledges with updated project footprints and agreements.

The commission did not specify individual mover/second names or a recorded roll-call vote in the meeting transcript. No deadlines or implementation dates were specified for bond issuance in the transcript.","The Fishers City Redevelopment Commission approved a confirmatory resolution to expand the Crossing Lot 3 allocation area, pledged tax increment from related allocation areas to senior project bonds, and approved an amended and restated project agreement to broaden revenue backstops.","actionData","errors"]

Article not found

Redevelopment commission approves sale of small Bankview Lot 6 at Lux Haven to adjacent owner at appraised value

Commission approves amendment to reflect TWG Motorsports, confirms Fishers Formula 1 facility plans

Fishers Redevelopment Commission expands Union & Crossing allocation area, pledges increment to project bonds