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Fishers City approves transfer of about $7.6M in bond surplus to buy land around event center
Summary
The council approved a resolution to transfer $7,597,625 in surplus 2024 bond proceeds to acquire remaining land parcels near the event center; the motion was recorded as approved with no roll-call tally provided in the transcript.
The Fishers City Council approved a resolution to accept and transfer $7,597,625 in surplus proceeds from a 2024 bond issue to acquire remaining land around the city’s event center, council members said during the meeting.
Council members and staff said the transfer would be used to buy down property held by private developers and to secure parking and development parcels around the venue. Staff noted roughly 30.16 acres remain in the immediate site area that the city can acquire under prior agreements.
A city official described the move as a financially prudent step…
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