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Board approves 10‑year lease of 9350 E. 30th St. for paratransit operations
Summary
After a public hearing and staff presentation, the Indianapolis Public Transportation Corporation board authorized a 10‑year lease of 9350 East 30th Street to house Indigo Access paratransit operations, citing space needs and comparables provided by a broker.
The Indianapolis Public Transportation Corporation board of directors voted to adopt Resolution 2025‑03 on May 15, 2025, authorizing a 10‑year lease of the property at 9350 East 30th Street to house Indigo Access, the agency’s reservation‑based paratransit service.
At a public hearing required by state law, Chief Counsel Bob Fry explained that the property is 7.6 acres, fully fenced and contains an office and maintenance building that staff say can house Indigo’s paratransit administrative, maintenance and vehicle storage needs with relatively little upfront investment. Fry told the board that Indigo currently lacks a single property suitable for all paratransit operations and that the leased site would consolidate those functions.
The board heard no public comments. Gordon Hendry of HRE Advisors, the agency’s real estate broker, attended and described the local market for specialized maintenance/operations facilities. Hendry told the board he did not identify “landmines” in the transaction and said the negotiated rent reflected Indigo’s credit and the facility’s proximity to Indigo’s East Campus.
Board members then moved to adopt the resolution. The lease terms presented to the board included an initial rent of $27,500 per month (triple net) for the first year, with 3% annual increases thereafter, and a 10‑year term. After discussion, the board approved the resolution by roll call vote.
The resolution and related public hearing were presented as required under state law for municipal corporations leasing property; Fry summarized the statutory steps (receipt of a petition of support from at least 50 Marion County taxpayers, a board finding of need, a public hearing, and required public notice if the board approves the lease). The petition had been received February 14, 2025, and staff said negotiations with the landlord had reached a tentative understanding prior to the hearing.
The board’s adoption of the resolution authorizes execution of the lease; staff said they will publish the statutory public notice and then proceed with final lease execution.
Votes: The board approved the resolution by roll call vote (Chair Greg Hahn and all voting directors indicated “Aye” on the motion).
