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Airport authority approves sale of downtown heliport to city for $10.875 million
Summary
The Indianapolis Airport Authority voted unanimously to sell a 5.359-acre heliport at 51 South New Jersey Street to the Consolidated City of Indianapolis for $10,875,000; most proceeds are FAA grant funds and must be reused on FAA‑approved aviation projects, and the board asked staff to return with options for how local funds will be spent.
The Indianapolis Airport Authority on Oct. 17 approved a real‑estate sale agreement with the Consolidated City of Indianapolis for the sale of a 5.359‑acre parcel at 51 South New Jersey Street, commonly known as the downtown heliport, for a purchase price of $10,875,000.
Authority staff told the board the Federal Aviation Administration issued a letter in late 2024 indicating it would release federal obligations tied to the heliport, clearing the way for closing. The FAA approval was the last major regulatory step and followed two professional appraisals used to set the sale price, staff…
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