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Council hears Embrace Downtown Phase 1 bond authorization; staff cites $6.5M cap and economic-impact projections
Summary
Councilmember Ally Krutsky introduced ordinance 45-11-25 to authorize up to $6.5 million in bonds for Embrace Downtown Phase 1 (Logan Street). Krutsky said the project will be funded from the city's food-and-beverage tax downtown development fund and cited an economic-impact analysis to be presented in December.
Ally Krutsky presented an overview of the Embrace Downtown Phase 1 project and asked the Noblesville Common Council to introduce ordinance 45-11-25, which would authorize bonds of up to $6.5 million to finance construction of Logan Street between 8th and 9th Streets.
Krutsky said the city has been saving food-and-beverage tax…
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