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Fishers council approves purchase of 8645 South Street using State Road 37 bond capacity
Summary
The Fishers City council approved a resolution authorizing use of additional State Road 37 bond proceeds (about $23.6 million in additional capacity) and a transfer of surplus funds to Town Hall Holding Corporation to acquire 8645 South Street; the parcel will be held for near-term municipal use and later disposition via RFP.
Fishers City officials approved a resolution to purchase 8645 South Street using available capacity from the State Road 37 bond and a transfer of surplus funds to Town Hall Holding Corporation.
City staff explained the State Road 37 bond generated approximately $23,600,000 in additional proceeds identified in the city's fiscal plan and available for targeted economic-development acquisitions. Staff said one eligible target is downtown property near…
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